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Ecosystem Externalities in Fisheries

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  • Richard W. Ryan
  • Daniel S. Holland
  • Guillermo E. Herrera

Abstract

The economics literature on fisheries has focused primarily on stock externalities and, to a lesser degree, on crowding externalities. Yet for many fisheries, harvesting activities may affect the underlying biological productivity of the fish stock by impacting the forage or habitat quantity or quality. We refer to this as an "ecosystem externality." Ecosystem externalities may be positive as well as negative. While fishing may damage habitat in ways that reduce productivity, in some cases it may increase food availability and thereby increase productivity of the target species of a fishery. Extending the model of Smith (1968), we use three equations to characterize dynamics of a resource stock, profit-maximizing individual behavior, and vessel entry/exit. We use this simple model to show how ecosystem externalities, in conjunction with stock externalities and crowding externalities, affect system dynamics, open-access equilibria, and optimal fishery regulation implemented through a tax.

Suggested Citation

  • Richard W. Ryan & Daniel S. Holland & Guillermo E. Herrera, 2014. "Ecosystem Externalities in Fisheries," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 39-53.
    • Handle: RePEc:ucp:mresec:doi:10.1086/676288
    DOI: 10.1086/676288
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    References listed on IDEAS

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    Cited by:

    1. Nichols, Rachel & Yamazaki, Satoshi & Jennings, Sarah, 2018. "The Role of Precaution in Stock Recovery Plans in a Fishery with Habitat Effect," Ecological Economics, Elsevier, vol. 146(C), pages 359-369.
    2. Naoum Tsolakis & Roman Schumacher & Manoj Dora & Mukesh Kumar, 2023. "Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?," Annals of Operations Research, Springer, vol. 327(1), pages 157-210, August.
    3. Sophal Chhun & Viktoria Kahui & Henrik Moller & Paul Thorsnes, 2015. "Advancing Marine Policy Toward Ecosystem-Based Management by Eliciting Public Preferences," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 261-275.
    4. Thanh Viet Nguyen & Manh Hung Nguyen & Quang Van, 2018. "Is Green Growth Possible in Vietnam? The Case of Marine Capture Fisheries," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-10, September.
    5. N. Baris Vardar & Georges Zaccour, 2020. "Exploitation of a Productive Asset in the Presence of Strategic Behavior and Pollution Externalities," Mathematics, MDPI, vol. 8(10), pages 1-28, October.

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