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Bioeconomics of a Marine Disease

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  • Jon M. Conrad
  • Daniel Rondeau

Abstract

We study the adaptive harvest of healthy stocks of shellfish that are faced with the risk of high natural mortality from a disease that is spreading along a coastline. This was the situation when Abalone Viral Ganglioneuritis (AVG) spread along the coast of Victoria, Australia in 2006. Abalone mortality on some reefs was thought to have been as high as 90%. In the face of an approaching virus, how should stocks at different reefs be managed? A stochastic, spatial bioeconomic model allows us to examine how optimal preemptive stock reductions are influenced by: (1) the probability of spread, (2) the mortality induced by AVG when it reaches a previously uninfected reef, (3) the form of the harvest cost function, and (4) a regime shift to lower biological productivity, post-AVG.

Suggested Citation

  • Jon M. Conrad & Daniel Rondeau, 2015. "Bioeconomics of a Marine Disease," Marine Resource Economics, University of Chicago Press, vol. 30(4), pages 393-416.
    • Handle: RePEc:ucp:mresec:doi:10.1086/681546
    DOI: 10.1086/681546
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    1. Janssen, Marco A. & Anderies, John M. & Walker, Brian H., 2004. "Robust strategies for managing rangelands with multiple stable attractors," Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 140-162, January.
    2. Smith, Martin D. & Sanchirico, James N. & Wilen, James E., 2009. "The economics of spatial-dynamic processes: Applications to renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 57(1), pages 104-121, January.
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    Cited by:

    1. José G. Vargas-Hernández & Karina Pallagst & Patricia Hammer, 2017. "Bio economy’s institutional and policy framework for the sustainable development of nature´s ecosystems," Economia Coyuntural,Revista de temas de perspectivas y coyuntura, Instituto de Investigaciones Economicas y Sociales 'Jose Ortiz Mercado' (IIES-JOM), Facultad de Ciencias Economicas, Administrativas y Financieras, Universidad Autonoma Gabriel Rene Moreno, vol. 2(3), pages 51-104.
    2. Carolyn Fischer & Atle G. Guttormsen & Martin D. Smith, 2017. "Disease Risk and Market Structure in Salmon Aquaculture," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-29, April.
    3. Huang, Biao & Perrings, Charles, 2017. "Managing the Risks of Sea Lice Transmission Between Salmon Aquaculture and Wild Pink Salmon Fishery," Ecological Economics, Elsevier, vol. 142(C), pages 228-237.

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    More about this item

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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