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The Bioeconomics of Resource Rehabilitation: A Commercial-Sport Analysis for a Great Lakes Fishery

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  • Scott R. Milliman
  • Barry L. Johnson
  • Richard C. Bishop
  • Kevin J. Boyle

Abstract

We construct a fishery model which simulates: (a) stochastic population fluctuations and (b) harvest shifts between commercial and sport user groups. This model then assesses, for both commercial and sport harvesters, the bioeconomic impact of an ongoing rehabilitation plan for the yellow perch fishery of Green Bay, Lake Michigan. Overall economic gains from this plan are positive, with sport anglers reaping sizeable benefits, while commercial harvesters lose moderately. Using probing exercises which approximate economic optimization, the efficient allocation of harvest between sport and commercial user groups is also explored. Uncertainties about sport effort levels greatly influence this optimal allocation.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 68 (1992)
Issue (Month): 2 ()
Pages: 191-210

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Handle: RePEc:uwp:landec:v:68:y:1992:i:2:p:191-210

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Web page: http://le.uwpress.org/

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Cited by:
  1. Antle, John M. & Capalbo, Susan M., 2002. "Agriculture As A Managed Ecosystem: Policy Implications," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(01), July.
  2. Max Stoeven, 2014. "Enjoying Catch and Fishing Effort: The Effort Effect in Recreational Fisheries," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 57(3), pages 393-404, March.

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