Generating Enhanced Fishery Rents by Internalizing Product Quality Characteristics
AbstractThis paper demonstrates howadditional rents are generated in a fisherycharacterized by intraseasonal variation infish characteristics, including size,condition, and composition. Based on anexpanded conceptual model of the optimalharvest rule, fish characteristics affect preand post harvest production yields and outputprices. A dynamic empirical model, which uses asystem of quality characteristics and anhedonic equation, illustrates the complexrelationships and management choices associatedwith internalizing seafood qualitycharacteristics in a hake fishery. The modelretains the regulated open access managementsystem, but controls intertemporal andintersectoral quotas, production portfolios,and total allowable catch. Results demonstratethat including revenue-side effects frominternalizing fish quality can generatesignificantly greater rents and reduce therelative benefits of increased productionyields. If excluded, bioeconomic models canunderestimate the level of regulatory rentdissipation and overemphasize managementobjectives such as full utilization, whichcould misdirect processing decisions and resultin a suboptimal resource management plan.Implications for data collection,multidisciplinary analysis, and improvements inmarine resource management are discussed. Copyright Kluwer Academic Publishers 2004
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 28 (2004)
Issue (Month): 1 (May)
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100263
bioeconomic model; fisheries management; fish processing; golden rule; hedonic price function; intrinsic fish quality; Pacific whiting; recovery rate;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ola Flaaten, 1983. "The Optimal Harvesting of a Natural Resource with Seasonal Growth," Canadian Journal of Economics, Canadian Economics Association, vol. 16(3), pages 447-62, August.
- Michael T. Carroll & James L. Anderson & Josué Mart�nez-Garmendia, 2001. "Pricing U.S. North Atlantic bluefin tuna and implications for management," Agribusiness, John Wiley & Sons, Ltd., vol. 17(2), pages 243-254.
- Larkin, Sherry L. & Sylvia, Gilbert, 1999.
"Firm-Level Hedonic Analysis Of U.S. Produced Surimi: Implications For Processors And Resource Managers,"
Marine Resource Economics,
Marine Resources Foundation, vol. 14(3).
- Larkin, Sherry L. & Sylvia, Gilbert, 1998. "Firm-Level Hedonic Analyses Of U.S. Produced Surimi: Implications For Processors And Resource Managers," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20916, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
- Anderson, Lee G., 1989. "Optimal Intra- and Interseasonal Harvesting Strategies when Price Varies with Individual Size," Marine Resource Economics, Marine Resources Foundation, vol. 6(2).
- Gilbert, David John, 1988. "Use of a Simple Age-Structured Bioeconomic Model to Estimate Optimal Long-Run Surpluses," Marine Resource Economics, Marine Resources Foundation, vol. 5(1).
- Freese, Stephen & Glock, James & Squires, Dale, 1995. "Direct allocation of resources and cost-benefit analysis in fisheries: an application to pacific whiting," Marine Policy, Elsevier, vol. 19(3), pages 199-211, May.
- Kenneth E. McConnell & Ivar E. Strand, 2000. "Hedonic Prices for Fish: Tuna Prices in Hawaii," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(1), pages 133-144.
- Sherry L. Larkin & Gilbert Sylvia, 1999. "Intrinsic Fish Characteristics and Intraseason Production Efficiency: A Management-Level Bioeconomic Analysis of a Commercial Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 29-43.
- Bjorndal, Trond, 1988. "Optimal Harvesting of Farmed Fish," Marine Resource Economics, Marine Resources Foundation, vol. 5(2).
- Colin W. Clark & Gordon R. Munro, 1980. "Fisheries and the Processing Sector: Some Implications for Management Policy," Bell Journal of Economics, The RAND Corporation, vol. 11(2), pages 603-616, Autumn.
- J. Douglas MacDonald & R. L. Mazany, 1984. "Quality Improvement: Panacea for the Atlantic Fishing Industry?," Canadian Public Policy, University of Toronto Press, vol. 10(3), pages 278-286, September.
- Christensen, Steen & Vestergaard, Niels, 1993. "A Bioeconomic Analysis of the Greenland Shrimp Fishery in the Davis Strait," Marine Resource Economics, Marine Resources Foundation, vol. 8(4).
- Larkin, Sherry L. & Sylvia, Gilbert & Harte, Michael & Quigley, Kathryn, 2006. "Optimal Rebuilding of Fish Stocks in Different Nations: Bioeconomic Lessons for Regulators," Marine Resource Economics, Marine Resources Foundation, vol. 21(4).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.