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"This discussion paper has been prepared as part of the Fisheries Research and Development Corporation project 2007/050 'Developing Mechanisms for the Transfer and/or Adjustment of Rock Lobster Shares Between Sectors in Western Australia and South Australia'
Spiny lobsters are among the world's most valuable and highly prized seafoods, captured and marketed in over 90 countries. Demand for spiny lobsters has escalated in the past two decades, spurring the need both for better management and for research on which to base that management. Spiny lobster aquaculture, however, now appears to be a real possibility, some countries have already approved the legislation, and it may be only a few years before this becomes the major source. The book opens with a brief review of the general biology, distribution, fishing techniques etc. but the major emphasis is on the latest management strategies, developments in aquaculture, marketing and economics. A special feature of the book will be detailed reviews of the spiny lobster fishery, research activities and marketing process in Japan, where customers are willing to pay more than US$50 per pound for live lobsters.
The session was closed with papers that provided a prognosis on the future development of property rights in fisheries management. Thus, the conference papers addressed the theory and application of property.