IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v49y2004i3p317-329.html
   My bibliography  Save this article

Portfolio management of wild fish stocks

Author

Listed:
  • Edwards, Steven F.
  • Link, Jason S.
  • Rountree, Barbara P.

Abstract

No abstract is available for this item.

Suggested Citation

  • Edwards, Steven F. & Link, Jason S. & Rountree, Barbara P., 2004. "Portfolio management of wild fish stocks," Ecological Economics, Elsevier, vol. 49(3), pages 317-329, July.
  • Handle: RePEc:eee:ecolec:v:49:y:2004:i:3:p:317-329
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921-8009(04)00148-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Friðrik Már Baldursson & Guðmundur Magnússon, 1997. "Portfolio Fishing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 389-403, September.
    2. Hanna, Susan S., 1997. "The new frontier of American fisheries governance," Ecological Economics, Elsevier, vol. 20(3), pages 221-233, March.
    3. Repetto, Robert, 2002. "Creating Asset Accounts for a Commercial Fishery Out of Equilibrium: A Case Study of the Atlantic Sea Scallop Fishery," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 245-259, June.
    4. Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
    5. Robert Repetto, 2002. "Creating Asset Accounts For A Commercial Fishery Out Of Equilibrium: A Case Study Of The Atlantic Sea Scallop Fishery," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 245-259, June.
    6. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    7. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    8. Arrow, Kenneth & Bolin, Bert & Costanza, Robert & Dasgupta, Partha & Folke, Carl & Holling, C.S. & Jansson, Bengt-Owe & Levin, Simon & Mäler, Karl-Göran & Perrings, Charles & Pimentel, David, 1996. "Economic growth, carrying capacity, and the environment," Environment and Development Economics, Cambridge University Press, vol. 1(1), pages 104-110, February.
    9. Cheung, Steven N S, 1970. "The Structure of a Contract and the Theory of a Non-exclusive Resource," Journal of Law and Economics, University of Chicago Press, vol. 13(1), pages 49-70, April.
    10. Edwards, Steven F., 2003. "Property rights to multi-attribute fishery resources," Ecological Economics, Elsevier, vol. 44(2-3), pages 309-323, March.
    11. Hannesson, Rognvaldur, 1983. "Optimal harvesting of ecologically interdependent fish species," Journal of Environmental Economics and Management, Elsevier, vol. 10(4), pages 329-345, December.
    12. Costanza, Robert, 1995. "Economic growth, carrying capacity, and the environment," Ecological Economics, Elsevier, vol. 15(2), pages 89-90, November.
    13. Ransom A. Myers & Boris Worm, 2003. "Rapid worldwide depletion of predatory fish communities," Nature, Nature, vol. 423(6937), pages 280-283, May.
    14. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Antony, P.J. & Dhanya, S. & Lyla, P.S. & Kurup, B.M. & Ajmal Khan, S., 2010. "Ecological role of stomatopods (mantis shrimps) and potential impacts of trawling in a marine ecosystem of the southeast coast of India," Ecological Modelling, Elsevier, vol. 221(21), pages 2604-2614.
    2. Patrick, Wesley S. & Link, Jason S., 2015. "Hidden in plain sight: Using optimum yield as a policy framework to operationalize ecosystem-based fisheries management," Marine Policy, Elsevier, vol. 62(C), pages 74-81.
    3. Mathieu Cuilleret & Luc Doyen & Hélène Gomes & Fabian Blanchard, 2021. "Resilience-based management for small-scale fisheries in the face of global changes and uncertainties," Bordeaux Economics Working Papers 2021-20, Bordeaux School of Economics (BSE).
    4. Tromeur, Eric & Doyen, Luc & Tarizzo, Violaine & Little, L. Richard & Jennings, Sarah & Thébaud, Olivier, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Ecological Economics, Elsevier, vol. 190(C).
    5. Richard D. Horan & Eli P. Fenichel & David Finnoff & Carson Reeling, 2018. "A Portfolio-Balancing Approach to Natural Capital and Liabilities: Managing Livestock and Wildlife Diseases with Cross-Species Transmission," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(3), pages 673-689, July.
    6. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2008. "An empirical approach to ecosystem-based fishery management," Ecological Economics, Elsevier, vol. 64(3), pages 586-596, January.
    7. Ekerhovd, Nils-Arne & Kvamsdal, Sturla F., 2017. "Up the ante on bioeconomic submodels of marine food webs: A data assimilation-based approach," Ecological Economics, Elsevier, vol. 131(C), pages 250-261.
    8. Verena M Trenkel & Fabienne Daurès & Marie-Joëlle Rochet & Pascal Lorance, 2013. "Interannual Variability of Fisheries Economic Returns and Energy Ratios Is Mostly Explained by Gear Type," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-9, July.
    9. Frank Krysiak, 2009. "Sustainability and its relation to efficiency under uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 41(2), pages 297-315, November.
    10. Violaine Tarizzo & Eric Tromeur & Olivier Thébaud & Richard Little & Sarah Jennings & Luc Doyen, 2018. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Cahiers du GREThA (2007-2019) 2018-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    11. Knoke, Thomas & Paul, Carola & Härtl, Fabian & Castro, Luz Maria & Calvas, Baltazar & Hildebrandt, Patrick, 2015. "Optimizing agricultural land-use portfolios with scarce data—A non-stochastic model," Ecological Economics, Elsevier, vol. 120(C), pages 250-259.
    12. Alvarez, Sergio & Larkin, Sherry L. & Ropicki, Andrew, 2017. "Optimizing provision of ecosystem services using modern portfolio theory," Ecosystem Services, Elsevier, vol. 27(PA), pages 25-37.
    13. Hildebrandt, Patrick & Knoke, Thomas, 2009. "Optimizing the shares of native tree species in forest plantations with biased financial parameters," Ecological Economics, Elsevier, vol. 68(11), pages 2825-2833, September.
    14. Susanne Neuner & Thomas Knoke, 2017. "Economic consequences of altered survival of mixed or pure Norway spruce under a dryer and warmer climate," Climatic Change, Springer, vol. 140(3), pages 519-531, February.
    15. Cuilleret, Mathieu & Doyen, Luc & Gomes, Hélène & Blanchard, Fabian, 2022. "Resilience management for coastal fisheries facing with global changes and uncertainties," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 634-656.
    16. Emmi Nieminen & Lone Grønbæk Kronbak & Marko Lindroos, 2016. "International Agreements in the Multispecies Baltic Sea Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(1), pages 109-134, September.
    17. Doring, Ralf & Egelkraut, Thorsten M., 2008. "Investing in natural capital as management strategy in fisheries: The case of the Baltic Sea cod fishery," Ecological Economics, Elsevier, vol. 64(3), pages 634-642, January.
    18. Kiyama, Shoichi & Yamazaki, Satoshi, 2022. "Product switching and efficiency in a declining small-scale fishery," Ecological Economics, Elsevier, vol. 193(C).
    19. Vasquez Caballero, Smit & Salgueiro-Otero, Diego & Ojea, Elena, 2023. "The Role of Catch Portfolios in Characterizing Species' Economic Linkages and Fishers' Responses to Climate Change Impacts," Ecological Economics, Elsevier, vol. 205(C).
    20. Finnoff, David & Gong, Min & Tschirhart, John, 2012. "Perspectives on Ecosystem Based Management for Delivering Ecosystem Services with an Example from an Eighteen-Species Marine Model," International Review of Environmental and Resource Economics, now publishers, vol. 6(1), pages 79-118, January.
    21. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2006. "An Approach to Ecosystem-Based Fishery Management," RFF Working Paper Series dp-06-40, Resources for the Future.
    22. Jean-Pierre Aubin & Luxi Chen & Marie-Hélène Durand, 2013. "Dynamic decentralization of harvesting constraints in the management of tychastic evolution of renewable resources," Computational Management Science, Springer, vol. 10(4), pages 281-298, December.
    23. Kashanian, Motahareh & Pishvaee, Mir Saman & Sahebi, Hadi, 2020. "Sustainable biomass portfolio sourcing plan using multi-stage stochastic programming," Energy, Elsevier, vol. 204(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edwards, Steven F., 2003. "Property rights to multi-attribute fishery resources," Ecological Economics, Elsevier, vol. 44(2-3), pages 309-323, March.
    2. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    3. Gary D. Libecap, 2018. "Douglass C. North: Transaction Costs, Property Rights, and Economic Outcomes," NBER Working Papers 24585, National Bureau of Economic Research, Inc.
    4. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.
    5. Hotte, Louis & McFerrin, Randy & Wills, Douglas, 2013. "On the dual nature of weak property rights," Resource and Energy Economics, Elsevier, vol. 35(4), pages 659-678.
    6. Gary D. Libecap, 2018. "Property Rights to Frontier Land and Minerals: US Exceptionalism," NBER Working Papers 24544, National Bureau of Economic Research, Inc.
    7. Brown Matthew & Cardiff-Hicks Brianna, 2018. "The Tragedy of the Uncommons," Review of Law & Economics, De Gruyter, vol. 14(2), pages 1-22, July.
    8. John Lynham, 2012. "Ecomarkets For Conservation And Sustainable Development in the Coastal Zone," Working Papers 201218, University of Hawaii at Manoa, Department of Economics.
    9. Meina Cai & Ilia Murtazashvili & Jennifer Murtazashvili & Raufhon Salahodjaev, 2020. "Individualism and governance of the commons," Public Choice, Springer, vol. 184(1), pages 175-195, July.
    10. Ben Yu & Daigee Shaw & Tsu-Tan Fu & Lawrence Lai, 2000. "Property rights and contractual approach to sustainable development," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 3(3), pages 291-309, September.
    11. Andrew B. Ayres & Eric C. Edwards & Gary D. Libecap, 2017. "How Transaction Costs Obstruct Collective Action: Evidence from California’s Groundwater," NBER Working Papers 23382, National Bureau of Economic Research, Inc.
    12. Turner, Paul & Tschirhart, John, 1999. "Green accounting and the welfare gap," Ecological Economics, Elsevier, vol. 30(1), pages 161-175, July.
    13. Lai, Lawrence W.C. & Chau, K.W. & Lorne, Frank T., 2016. "The rise and fall of the sand monopoly in colonial Hong Kong," Ecological Economics, Elsevier, vol. 128(C), pages 106-116.
    14. Bhattacharya, Haimanti & Lueck, Dean, 2009. "The role of property rights in determining the environmental quality-income relationship," Ecological Economics, Elsevier, vol. 68(10), pages 2511-2524, August.
    15. Page, Talbot, 1995. "Harmony and pathology," Ecological Economics, Elsevier, vol. 15(2), pages 141-144, November.
    16. Liu, Jing & Qin, Tianbao, 2018. "A Comparative Analysis of Fishing Rights From a Transaction Cost Perspective," Ecological Economics, Elsevier, vol. 153(C), pages 89-99.
    17. Ben T. Yu & Daigee Shaw & Tsu-Tan Fu & Lawrence W. C. Lai, 2000. "Property rights and contractual approach to sustainable development," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 3(3), pages 291-309, September.
    18. Theodore C. Bergstrom, 2010. "The Uncommon Insight of Elinor Ostrom," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(2), pages 245-261, June.
    19. Guiyou Zhang & Yan Lu & Zijun Fang & Hong Yang & Zhong Wei, 2022. "Analysis of the Ecological Carrying Capacity of Fish Resources in Shengjin Lake, Anhui Province, China," IJERPH, MDPI, vol. 19(13), pages 1-13, July.
    20. Bruce Yandle, 1982. "Conflicting commons," Public Choice, Springer, vol. 38(3), pages 317-327, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:49:y:2004:i:3:p:317-329. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.