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A Review of Selected Bioeconomic Models with Environmental Influences in Fisheries

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  • Duncan Knowler

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    Abstract

    Bioeconomic models are integrated economic-ecological models, with all the advantages and disadvantages of such models. Most bioeconomic modelling seeks appropriate levels of stock and catch to assist resource managers, normally with environmental conditions assumed constant. However, bioeconomic models can be used to analyse the welfare effects of changes in environmental quality as well. This latter application is the subject of this review. The review concentrates on the commercial harvesting of fish stocks, where population dynamics are influenced by environmental quality. In the first part of the paper, the basic static and dynamic bioeconomic models are described and then extensions are considered that take account of the influence of environmental quality on habitat and, by inference, on sustainable catch levels and measures of economic surplus. The second part of the paper describes a series of case studies from the empirical bioeconomic literature that apply some of the theoretical innovations described earlier. Copyright Kluwer Academic Publishers 2002

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Bioeconomics.

    Volume (Year): 4 (2002)
    Issue (Month): 2 (May)
    Pages: 163-181

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    Handle: RePEc:kap:jbioec:v:4:y:2002:i:2:p:163-181

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    Web page: http://www.springerlink.com/link.asp?id=103315

    Related research

    Keywords: dynamic; marine; open access; optimal management; static; economic valuation;

    References

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    1. Smith, Vernon L, 1969. "On Models of Commercial Fishing," Journal of Political Economy, University of Chicago Press, vol. 77(2), pages 181-98, March/Apr.
    2. Berck, Peter & Perloff, Jeffrey M, 1982. "An Open-Access Fishery with Rational Expectations," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt876499mq, Department of Agricultural & Resource Economics, UC Berkeley.
    3. Sumaila, U.R., 1997. "Cooperative and Non-Cooperative Exploitation of the Arcto-Norwegian Cod Stock," Norway; Department of Economics, University of Bergen 167, Department of Economics, University of Bergen.
    4. Robert J. Johnston & Jon G. Sutinen, 1996. "Uncertain Biomass Shift and Collapse: Implications for Harvest Policy in the Fishery," Land Economics, University of Wisconsin Press, vol. 72(4), pages 500-518.
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    7. Lynne, Gary D. & Conroy, Patricia & Prochaska, Frederick J., 1981. "Economic valuation of marsh areas for marine production processes," Journal of Environmental Economics and Management, Elsevier, vol. 8(2), pages 175-186, June.
    8. Håkan Eggert, 1998. "Bioeconomic Analysis and Management," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 399-411, April.
    9. Kahn, James R. & Kemp, W. Michael, 1985. "Economic losses associated with the degradation of an ecosystem: The case of submerged aquatic vegetation in Chesapeake Bay," Journal of Environmental Economics and Management, Elsevier, vol. 12(3), pages 246-263, September.
    10. Munro, Gordon R. & Scott, Anthony D., 1985. "The economics of fisheries management," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 14, pages 623-676 Elsevier.
    11. 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.
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    13. Wilen, James E., 1985. "Bioeconomics of renewable resource use," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 1, chapter 2, pages 61-124 Elsevier.
    14. Common, Mick & Perrings, Charles, 1992. "Towards an ecological economics of sustainability," Ecological Economics, Elsevier, vol. 6(1), pages 7-34, July.
    15. 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.
    16. Freeman, A. III, 1991. "Valuing environmental resources under alternative management regimes," Ecological Economics, Elsevier, vol. 3(3), pages 247-256, September.
    17. Copes, Parzival, 1970. "The Backward-Bending Supply Curve Of The Fishing Industry," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(1), pages 69-77, February.
    18. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    19. McConnell, Kenneth E. & Strand, Ivar E., 1989. "Benefits from commercial fisheries when demand and supply depend on water quality," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 284-292, November.
    20. Edward Barbier & Ivar Strand, 1998. "Valuing Mangrove-Fishery Linkages – A Case Study of Campeche, Mexico," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 12(2), pages 151-166, September.
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    Cited by:
    1. Eisenack, K. & Welsch, H. & Kropp, J.P., 2006. "A qualitative dynamical modelling approach to capital accumulation in unregulated fisheries," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2613-2636, December.
    2. Whitten, Stuart M. & Bennett, Jeffrey W., 2004. "A Bio-Economic Model Of Wetland Protection On Private Lands," 2004 Annual meeting, August 1-4, Denver, CO 20122, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. P. Michael Link & Richard S.J. Tol, 2003. "Economic impacts of changes in population dynamics of fish on the fisheries in the Barents Sea," Working Papers FNU-30, Research unit Sustainability and Global Change, Hamburg University, revised May 2003.

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