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Modeling Recreational Catch and Dynamic Stock Adjustments: An Application to Commercial-Recreational Allocation

Author

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  • Peter W. Schuhmann
  • J. E. Easley, Jr.

Abstract

This paper is motivated by the commercial-recreational fishery allocation issue. A dynamic stock model is developed which includes aggregate recreational effort. Benefits for red drum anglers from hypothetical reallocation are estimated with RUM, and costs to the commercial sector are also estimated. We aggregate net benefits across sectors, and discount over the simulated stock adjustment periods (24-46 years, depending upon parameter estimates assumed). Net benefits depend crucially upon the rate of recreational catch and effort adjustment to growth in stock. Under one set of modeling alternatives, reallocation does not yield positive net benefits.

Suggested Citation

  • Peter W. Schuhmann & J. E. Easley, Jr., 2000. "Modeling Recreational Catch and Dynamic Stock Adjustments: An Application to Commercial-Recreational Allocation," Land Economics, University of Wisconsin Press, vol. 76(3), pages 430-447.
    • Handle: RePEc:uwp:landec:v:76:y:2000:i:3:p:430-447
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    Cited by:

    1. Farr, Marina & Stoeckl, Natalie, 2018. "Overoptimism and the undervaluation of ecosystem services: A case-study of recreational fishing in Townsville, adjacent to the Great Barrier Reef," Ecosystem Services, Elsevier, vol. 31(PC), pages 433-444.
    2. Max Stoeven, 2014. "Enjoying Catch and Fishing Effort: The Effort Effect in Recreational Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(3), pages 393-404, March.
    3. Staffan Waldo & Frank Jensen & Max Nielsen & Hans Ellefsen & Jónas Hallgrimsson & Cecilia Hammarlund & Øystein Hermansen & John Isaksen, 2016. "Regulating Multiple Externalities: The Case of Nordic Fisheries," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 233-257.

    More about this item

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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