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Fish, Farmers, and Floods: Coordinating Institutions to Optimize the Provision of Ecosystem Services

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  • Cloé Garnache

Abstract

This paper investigates the role of coordinating institutions on the returns to ecosystem services in the context of fisheries and habitat management. It examines the trade-offs between the production of crops and habitat for juvenile salmon in relation to flood events on a California floodplain. A bioeconomic model of the floodplain agriculture, salmon population, and California ocean fishery is developed to estimate the farmers' and fishers' economic surpluses. The results reveal large total surpluses gains for producers from coordinating the institutions to jointly manage the freshwater and marine ecosystems. The gains from improving habitat management exceed those from optimally setting the harvest. These findings provide important insights for fisheries management where efforts have traditionally focused on improving harvest levels.

Suggested Citation

  • Cloé Garnache, 2015. "Fish, Farmers, and Floods: Coordinating Institutions to Optimize the Provision of Ecosystem Services," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 367-399.
    • Handle: RePEc:ucp:jaerec:doi:10.1086/682167
    DOI: 10.1086/682167
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    1. Michael R. Springborn & Amanda Faig & Allison Dedrick & Marissa L. Baskett, 2020. "Beyond Biomass: Valuing Genetic Diversity in Natural Resource Management," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 607-624, March.
    2. Kroetz, Kailin & Kuwayama, Yusuke & Vexler, Caroline, 2019. "What is a Fish Out of Water? The Economics Behind the Joint Management of Water Resources and Aquatic Species in the United States," RFF Working Paper Series 19-09, Resources for the Future.

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