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Incentives for optimal management of age-structured fish populations

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  • Quaas, Martin F.
  • Requate, Till
  • Ruckes, Kirsten
  • Skonhoft, Anders
  • Vestergaard, Niels
  • Voss, Rudi

Abstract

We characterize optimal fishery management in an age-structured, bio-economic model where two age groups are harvested with costly and imperfect selectivity. We show that a system of tradable fishing permits, each allowing to harvest a specific number of fish that differs with age group, implements optimal age-structured harvesting, while traditional biomass quotas fail to solve the problem of growth overfishing. With our system, gear restrictions (such as mesh-size prescriptions) become obsolete. We apply our model to the Eastern Baltic cod fishery and quantify the benefits of optimal age-structured management.

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Bibliographic Info

Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 35 (2013)
Issue (Month): 2 ()
Pages: 113-134

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Handle: RePEc:eee:resene:v:35:y:2013:i:2:p:113-134

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Web page: http://www.elsevier.com/locate/inca/505569

Related research

Keywords: Fishery management; Growth overfishing; Recruitment overfishing; Optimal harvesting; Age-structured model;

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References

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  1. Tahvonen, Olli, 2009. "Economics of harvesting age-structured fish populations," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 281-299, November.
  2. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63, pages 116.
  3. Singh, Rajesh & Weninger, Quinn, 2009. "Bio-Economies of Scope and the Discard Problem in Mulitple Species Fisheries," Staff General Research Papers 12839, Iowa State University, Department of Economics.
  4. Da Rocha, José María & Antelo, Luis T. & Gutiérrez Huerta, María José, 2012. "Selectivity, pulse fishing and endogenous lifespan in Beverton-Holt models," DFAEII Working Papers 2012-11, University of the Basque Country - Department of Foundations of Economic Analysis II.
  5. Anders Skonhoft & Niels Vestergaard & Martin Quaas, 2012. "Optimal Harvest in an Age Structured Model with Different Fishing Selectivity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(4), pages 525-544, April.
  6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
  7. Costello, Christopher J & Deacon, Robert T, 2007. "The Efficiency Gains from Fully Delineating Rights in an ITQ Fishery," University of California at Santa Barbara, Economics Working Paper Series qt56n8x9qb, Department of Economics, UC Santa Barbara.
  8. Olli Tahvonen & Martin Quaas & Jörn Schmidt & Rudi Voss, 2013. "Optimal Harvesting of an Age-Structured Schooling Fishery," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 54(1), pages 21-39, January.
  9. Singh, Rajesh & Weninger, Quinn, 2009. "Bioeconomies of scope and the discard problem in multiple-species fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 72-92, July.
  10. Jensen, Frank & Vestergaard, Niels, 2002. "Moral hazard problems in fisheries regulation: the case of illegal landings and discard," Resource and Energy Economics, Elsevier, vol. 24(4), pages 281-299, November.
  11. Daniel S. Holland, 2011. "Optimal Intra-annual Exploitation of the Maine Lobster Fishery," Land Economics, University of Wisconsin Press, vol. 87(4), pages 699-711.
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  15. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
  16. 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.
  17. Lone Grønbæk Kronbak, 2002. "The Dynamics of an Open Access: The case of the Baltic Sea Cod Fishery - A Strategic Approach -," Working Papers 31/02, University of Southern Denmark, Department of Environmental and Business Economics.
  18. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
  19. Diekert, Florian K. & Hjermann, Dag Ø. & Nævdal, Eric & Stenseth, Nils Chr., 2010. "Non-cooperative exploitation of multi-cohort fisheries--The role of gear selectivity in the North-East Arctic cod fishery," Resource and Energy Economics, Elsevier, vol. 32(1), pages 78-92, January.
  20. Townsend, Ralph E, 1995. "Transferable dynamic stock rights," Marine Policy, Elsevier, vol. 19(2), pages 153-158, March.
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Cited by:
  1. Kapaun, Ute & Quaas, Martin F., 2012. "Does the optimal size of a fish stock increase with environmental uncertainties?," Economics Working Papers 2012-09, Christian-Albrechts-University of Kiel, Department of Economics.
  2. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
  3. Skonhoft, Anders & Gong, Peichen, 2014. "Wild salmon fishing: Harvesting the old or young?," Resource and Energy Economics, Elsevier, vol. 36(2), pages 417-435.

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