Given the problems with open access resources and the effectiveness of modern fishing technology, there are few fisheries, if any, which will not be both biologically over-exploited and unprofitable unless they are managed effectively. For a fishery to be economically efficient requires setting...

The inland commercial fishery in New South Wales had a _mean annual catch of 344t over the past three decades, and is currently worth $1. 7 million per annum (1995/96 value). The commercial fishery commenced in the late 19th Century, and although production figures are available from 1883 onwards,...