Abstract

We develop a theory of fishery management where the time span can be divided into two periods to explain fishery collapse in developing countries. In the initial exploitation period, government does not take actions to manage fishery in that government lacks of information and needs to take time to gather information, and actions. Fishers catch as much as possible. Fishery is collapsed quickly. In the second period, government chooses little management as optimal choice for the government self short term revenue goal. So fishery is always collapsed and no chance for recover. Eventually fish is exterminated as technology advance. Dong Jiang Lake is such a case.

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