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Reconciling economic and biological modeling of migratory fish stocks: Optimal management of the Atlantic salmon fishery in the Baltic Sea

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  • Kulmala, Soile
  • Laukkanen, Marita
  • Michielsens, Catherine

Abstract

The paper puts forward a model of the Atlantic salmon fishery in the Baltic Sea that integrates the salient biological and economic characteristics of migratory fish stocks. Designed to be compatible with the framework used for actual stock assessments, the model accounts for agestructured population dynamics, the seasonal harvest and competing harvesting by commercial and recreational fishermen. It is calibrated using data and parameter estimates for the Simojoki River stock. The socially optimal policy for maximizing discounted net benefits from the fishery within an uncertain environment is determined using a dynamic programming approach and numerical solution method. Our results indicate that substantial economic benefits could be realized under optimal management without compromising stock sustainability.
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  • Kulmala, Soile & Laukkanen, Marita & Michielsens, Catherine, 2008. "Reconciling economic and biological modeling of migratory fish stocks: Optimal management of the Atlantic salmon fishery in the Baltic Sea," Ecological Economics, Elsevier, vol. 64(4), pages 716-728, February.
    • Handle: RePEc:eee:ecolec:v:64:y:2008:i:4:p:716-728
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    1. do Val, J.B.R. & Guillotreau, P. & Vallée, T., 2019. "Fishery management under poorly known dynamics," European Journal of Operational Research, Elsevier, vol. 279(1), pages 242-257.
    2. Anders Skonhoft, 2011. "The maximum economic yield management of an age-structured salmon population," Working Paper Series 11911, Department of Economics, Norwegian University of Science and Technology.
    3. Tin-Yu Lai & Marko Lindroos & Lone Grønbæk & Atso Romakkaniemi, 2021. "The Role of Food Web Interactions in Multispecies Fisheries Management: Bio-economic Analysis of Salmon, Herring and Grey Seal in the Northern Baltic Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 511-549, July.
    4. Da Rocha, José María & Gutiérrez Huerta, María José, 2009. "Why Economists Reject Long-Term Fisheries Management Plans?," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    5. Soile Oinonen & Lone Grønbæk & Marita Laukkanen & Polina Levontin & Marko Lindroos & Emmi Nieminen & Katja Parkkila & Pedro Pintassilgo & Henni Pulkkinen & Atso Romakkaniemi, 2016. "International Fisheries Management and Recreational Benefits: The Case of Baltic Salmon," Marine Resource Economics, University of Chicago Press, vol. 31(4), pages 433-451.
    6. Kulmala, Soile & Levontin, Polina & Lindroos, Marko & Pintassilgo, Pedro, 2010. "Atlantic Salmon Fishery in the Baltic Sea – A Case of Trivial Cooperation," 2010 Conference (54th), February 10-12, 2010, Adelaide, Australia 59094, Australian Agricultural and Resource Economics Society.
    7. van Dijk, Diana & Hendrix, Eligius M.T. & Haijema, Rene & Groeneveld, Rolf A. & van Ierland, Ekko C., 2014. "On solving a bi-level stochastic dynamic programming model for analyzing fisheries policies: Fishermen behavior and optimal fish quota," Ecological Modelling, Elsevier, vol. 272(C), pages 68-75.
    8. Da Rocha, José María & Gutiérrez Huerta, María José, 2011. "Lessons from the northern hake long-term management plan: Could the economic assessment have accepted it?," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    9. Pintassilgo, Pedro & Laukkanen, Marita & Kronbak, Lone Grønbæk & Lindroos, Marko, 2015. "International Fisheries Agreements and Non-consumptive Values," Discussion Papers on Economics 8/2015, University of Southern Denmark, Department of Economics.
    10. Skonhoft, Anders & Gong, Peichen, 2014. "Wild salmon fishing: Harvesting the old or young?," Resource and Energy Economics, Elsevier, vol. 36(2), pages 417-435.
    11. Surís-Regueiro, Juan C. & Santiago, Jose L., 2018. "Assessment of Socioeconomic Impacts Through Physical Multipliers: The Case of Fishing Activity in Galicia (Spain)," Ecological Economics, Elsevier, vol. 147(C), pages 276-297.
    12. Da Rocha, José María & Gutiérrez Huerta, María José & Cerviño, Santiago, 2012. "Reference Points Based on Dynamic Optimisation: A Versatil Algorithm for Mixed Fishery Management with Bio-economic Agestructured Models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    13. Da Rocha, José María & Gutiérrez Huerta, María José & Taboada Antelo, Luis, 2011. "Pulse vs. Optimal Stationary Fishing: The Northern Stock of Hake," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    14. Da Rocha, José María & Gutiérrez Huerta, María José, 2009. "Reference Points and Optimal Management in Stochastic Age-Structured Fisheries Models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    15. Diana Dijk & Eligius M. T. Hendrix & Rene Haijema & Rolf A. Groeneveld & Ekko C. Ierland, 2017. "An Adjustment Restriction on Fish Quota: Resource Rents, Overcapacity and Recovery of Fish Stock," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(2), pages 203-230, June.
    16. Fred A. Johnson & Mitchell J. Eaton & James H. Williams & Gitte H. Jensen & Jesper Madsen, 2015. "Training Conservation Practitioners to be Better Decision Makers," Sustainability, MDPI, vol. 7(7), pages 1-20, June.
    17. Min-Yang Lee, 2014. "Hedonic Pricing of Atlantic Cod: Effects of Size, Freshness, and Gear," Marine Resource Economics, University of Chicago Press, vol. 29(3), pages 259-277.
    18. Soile Oinonen & Kari Hyytiäinen & Lassi Ahlvik & Maria Laamanen & Virpi Lehtoranta & Joona Salojärvi & Jarno Virtanen, 2016. "Cost-Effective Marine Protection - A Pragmatic Approach," PLOS ONE, Public Library of Science, vol. 11(1), pages 1-19, January.

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