Fishing on the high seas is a bit of a mystery, economically speaking. These areas of open ocean beyond the territorial jurisdiction of any nation are generally considered high-effort, low-payoff fishing grounds, yet fishers continue to work in them anyway. I am an environmental data scientist who leverages data and analytical techniques to answer critical questions about natural resource management. Back in 2018, my colleagues at the Environmental Market Solutions Lab found that high-seas fishing often appears to be an almost entirely unprofitable endeavor. This is true even when taking government subsidies into consideration.
Read the full article at: theconversation.com