Ghoti papers Ghoti aims to serve as a forum for stimulating and pertinent ideas. Ghoti publishes succinct commentary and opinion that addresses important areas in fish and fisheries science. Ghoti contributions will be innovative and have a perspective that may lead to fresh and productive insight of concepts, issues and research agendas. All Ghoti contributions will be selected by the editors and peer reviewed. Etymology of Ghoti George Bernard Shaw (1856-1950), polymath, playwright, Nobel prize winner, and the most prolific letter writer in history, was an advocate of English spelling reform. He was reportedly fond of pointing out its absurdities by proving that ‘fish’ could be spelt ‘ghoti’. That is: ‘gh’ as in ‘rough’, ‘o’ as in ‘women’ and ‘ti’ as in palatial.
MEY = MSY
Article first published online: 7 OCT 2009
© 2009 Blackwell Publishing Ltd
Fish and Fisheries
Volume 11, Issue 1, pages 105–110, March 2010
How to Cite
Christensen, V. (2010), MEY = MSY. Fish and Fisheries, 11: 105–110. doi: 10.1111/j.1467-2979.2009.00341.x
- Issue published online: 11 FEB 2010
- Article first published online: 7 OCT 2009
- Received 18 May 2009 Accepted 12 August 2009
- Fishing sector;
- maximum economic yield (MEY);
- maximum sustainable yield (MSY);
- value chain approach
It has been generally accepted for more than half a century that the fishing sector stood to gain from managing fisheries at the effort level producing maximum economic yield (MEY) rather than at the higher effort level producing maximum sustainable yield (MSY). However, the acceptance is built on evaluating only the revenue and cost structure for the fishing fleet, not for the overall fishing sector including processing, distribution and marketing of fish products. Considering these links of the fish value chain moves the MEY-level closer to, but slightly below the MSY-level. For society as a whole, this means that MSY is the more appropriate target reference level.