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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.

Suggested Citation

  • Quaas, Martin F. & Requate, Till & Ruckes, Kirsten & Skonhoft, Anders & Vestergaard, Niels & Voss, Rudi, 2013. "Incentives for optimal management of age-structured fish populations," Resource and Energy Economics, Elsevier, vol. 35(2), pages 113-134.
  • Handle: RePEc:eee:resene:v:35:y:2013:i:2:p:113-134
    DOI: 10.1016/j.reseneeco.2012.12.004
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    Cited by:

    1. Ni, Yuanming & Steinshamn, Stein I. & Kvamsdal, Sturla F., 2022. "Negative shocks in an age-structured bioeconomic model and how to deal with them," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 15-30.
    2. Tahvonen, Olli & Quaas, Martin F. & Voss, Rüdiger, 2018. "Harvesting selectivity and stochastic recruitment in economic models of age-structured fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 659-676.
    3. Ute Kapaun & Martin Quaas, 2013. "Does the Optimal Size of a Fish Stock Increase with Environmental Uncertainties?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 293-310, February.
    4. Da Rocha, José María & García-Cutrín, Javier & Gutiérrez Huerta, María José & Touza, Julia, 2015. "Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    5. Skonhoft, Anders & Gong, Peichen, 2014. "Wild salmon fishing: Harvesting the old or young?," Resource and Energy Economics, Elsevier, vol. 36(2), pages 417-435.
    6. Thanh Viet Nguyen & Lars Ravn-Jonsen & Niels Vestergaard, 2016. "Marginal Damage Cost of Nutrient Enrichment: The Case of the Baltic Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 109-129, May.
    7. Hannes Uecker & Thorsten Upmann, 2016. "Optimal Fishery with Coastal Catch," CESifo Working Paper Series 6054, CESifo.
    8. Hutniczak, Barbara, 2015. "Modeling heterogeneous fleet in an ecosystem based management context," Ecological Economics, Elsevier, vol. 120(C), pages 203-214.
    9. Eric Sjöberg, 2015. "Pricing on the Fish Market--Does Size Matter?," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 277-296.
    10. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
    11. Helgesen, Irmelin Slettemoen & Skonhoft, Anders & Eide, Arne, 2018. "Maximum Yield Fishing and Optimal Fleet Composition. A Stage Structured Model Analysis With an Example From the Norwegian North-East Arctic Cod Fishery," Ecological Economics, Elsevier, vol. 153(C), pages 204-217.

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    More about this item

    Keywords

    Fishery management; Growth overfishing; Recruitment overfishing; Optimal harvesting; Age-structured model;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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