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International Management Strategies for a Straddling Fish Stock: A Bio-Economic Simulation Model of the Norwegian Spring-Spawning Herring Fishery

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  • Trond Bjørndal
  • Daniel Gordon
  • Veijo Kaitala
  • Marko Lindroos

Abstract

In this paper, a three-country dynamic bio-economic simulation model is presented for the spring-spawning herring fishery. The international spring-spawning herring fishery, based on potentially one of the most valuable fish stocks in the world, is currently recovering from a severe depletion of the stock and subsequent harvesting moratorium. Management of the herring fishery is complicated by its multi-nation exploitation, due to the highly migratory behaviour of the species moving between several coastal state zones (exclusive economic zones, EEZ’s) and the high seas (Ocean Loop). Based on extensive work invested on analysing both the biology of the herring stock and the fisheries economics around its exploitation we study here the profiles of different multi-agent management schemes, simulating catch levels, stock size and profit potentials of alternative management strategies. The stock dynamics are described by a linear discrete-time age-structured population model and the economics are presented by a rent maximising model with constant price of herring catch and different costs of harvesting and efficiency levels for the different national fleets. The simulations, carried out over several decades, show that the benefits of international co-operation far exceed the returns of a competitive open access fishery. Copyright Kluwer Academic Publishers 2004

Suggested Citation

  • Trond Bjørndal & Daniel Gordon & Veijo Kaitala & Marko Lindroos, 2004. "International Management Strategies for a Straddling Fish Stock: A Bio-Economic Simulation Model of the Norwegian Spring-Spawning Herring Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(4), pages 435-457, December.
    • Handle: RePEc:kap:enreec:v:29:y:2004:i:4:p:435-457
    DOI: 10.1007/s10640-004-1045-y
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    Citations

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    Cited by:

    1. 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.
    2. 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.
    3. Elofsson, Katarina & Bengtsson, Goran & Gren, Ing-Marie, 2011. "Optimal Management of Invasive Species with Different Reproduction and Survival Strategies," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114343, European Association of Agricultural Economists.
    4. Ellefsen, Hans & Kronbak, Lone Grønbæk & Ravn-Jonsen, Lars, 2014. "On International Fisheries Agreements, Entry Deterrence and Ecological Uncertainty," Discussion Papers on Economics 18/2014, University of Southern Denmark, Department of Economics.
    5. Delang, Claudio O., 2006. "Not just minor forest products: The economic rationale for the consumption of wild food plants by subsistence farmers," Ecological Economics, Elsevier, vol. 59(1), pages 64-73, August.
    6. Da Rocha, José María & Gutiérrez Huerta, María José, 2010. "Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    7. Christine Roeckmann & Uwe A. Schneider & Michael A. St.John & Richard S.J. Tol, 2005. "Rebuilding the Eastern Baltic cod stock under environmental change - a preliminary approach using stock, environmental, and management constraints," Working Papers FNU-84, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2005.
    8. Antti Iho & Heini Ahtiainen & Janne Artell & Outi Heikinheimo & Pirkko Kauppila & Anna-Kaisa Kosenius & Marita Laukkanen & Marko Lindroos & Soile Oinonen & Kimmo Ollikka & Katja Parkkila & Yulia Pavlo, 2017. "The Role of Fisheries in Optimal Eutrophication Management," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-27, April.
    9. 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.
    10. José-María Da Rocha & María-Jose Gutiérrez & Luis Antelo, 2013. "Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 139-154, January.
    11. Trond Bjørndal & Nils-Arne Ekerhovd, 2014. "Management of Pelagic Fisheries in the North East Atlantic: Norwegian Spring Spawning Herring, Mackerel, and Blue Whiting," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 69-83.
    12. Trond Bjørndal & Marko Lindroos, 2004. "International Management of North-Sea Herring," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(1), pages 83-96, September.
    13. Hansen, Lars Gårn & Jensen, Frank & Russell, Clifford, 2013. "Instrument choice when regulators are concerned about resource extinction," Resource and Energy Economics, Elsevier, vol. 35(2), pages 135-147.

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