Cost of Invasion
Concept : Sum of direct and indirect costs including :
• Cost of decline in
catch from maximum sustainable yield
• Lost wages of fishermen and kilka processing plants workers
•
Govt subsidies in lieu of fisheries halt
•
Annualized cost of fleet deprecations and stopped plants.
Lessons learnt : “causality’ is
an assumption that will need be
theoretically backed; hugely difficult to look at
consequential damages