The Global Competition for Wild Fish Resources between Livestock and Aquaculture
AbstractAquaculture satisfies a growing global demand for fish but also consumes an increasing share of the world's wild fish resources. This has led to a concern that increased aquaculture production poses a threat to the sustainability of capture fisheries. We use a shrinkage estimator to estimate fishmeal demand from countries with different make-up of meat and farmed salmon production. Although we are not able to identify structural differences between these sectors, the empirical results show that fishmeal demand is price inelastic. Technological change, however, is reducing fishmeal usage in feeds, suggesting that strong demand pressure on pelagic fish resources targeted for fishmeal is a temporary phenomenon. Copyright (c) 2010 The Authors. Journal compilation (c) 2010 The Agricultural Economics Society.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Agricultural Economics.
Volume (Year): 61 (2010)
Issue (Month): 2 ()
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- Sigbjorn Tveteras & Carlos Paredes & Julio Peña, 2011. "Individual Fishing Quotas in Peru: Stopping the Race for Anchovies," ILADES-Georgetown University Working Papers inv263, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
- Tveteras, Sigbjorn & Paredes, Carlos E. & Pena-Torres, Julio, 2011. "Individual Vessel Quotas in Peru: Stopping the Race for Anchovies," Marine Resource Economics, Marine Resources Foundation, vol. 26(3).
- Guttormsen, Atle G. & Myrland, Oystein & Tveteras, Ragnar, 2011. "Innovations and Structural Change in Seafood Markets and Production: Special Issue Introduction," Marine Resource Economics, Marine Resources Foundation, vol. 26(4).
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