IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v83y2007i1p59-73.html
   My bibliography  Save this article

Generating Value in Habitat-Dependent Fisheries: The Importance of Fishery Management Institutions

Author

Listed:
  • Martin D. Smith

Abstract

This paper models dynamic producer and consumer benefits from improving habitat that supports the North Carolina blue crab fishery. It embeds two fishery management institutions—open access and partial rationalization—in a multispecies, two-patch spatial bioeconomic model with endogenous output price and estuarine eutrophication. Producer benefits from improved environmental quality are higher for the rationalized fishery than for open access. Consumer benefits are larger than producer benefits and are comparable across institutions. However, the total benefits from improving environmental quality are small relative to the benefits from rationalizing the fishery and leaving environmental quality the same.

Suggested Citation

  • Martin D. Smith, 2007. "Generating Value in Habitat-Dependent Fisheries: The Importance of Fishery Management Institutions," Land Economics, University of Wisconsin Press, vol. 83(1), pages 59-73.
  • Handle: RePEc:uwp:landec:v:83:y:2007:i:1:p:59-73
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/83/1/59
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Yoshiaki Kaoru & V. Kerry Smith & Jin Long Liu, 1995. "Using Random Utility Models to Estimate the Recreational Value of Estuarine Resources," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 141-151.
    2. Wilen, James & Brown, Gardner Jr., 1986. "Optimal recovery paths for perturbations of trophic level bioeconomic systems," Journal of Environmental Economics and Management, Elsevier, vol. 13(3), pages 225-234, September.
    3. Brock, William & Xepapadeas, Anastasios, 2002. "Optimal Ecosystem Management when Species Compete for Limiting Resources," Journal of Environmental Economics and Management, Elsevier, vol. 44(2), pages 189-220, September.
    4. Bockstael, Nancy E. & Opaluch, James J., 1983. "Discrete modelling of supply response under uncertainty: The case of the fishery," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 125-137, June.
    5. Sumaila, U.R., 1997. "Strategic Dynamic Interaction: The Case of Barents Sea Fisheries," Norway; Department of Economics, University of Bergen 172, Department of Economics, University of Bergen.
    6. Kahn, James R. & Kemp, W. Michael, 1985. "Economic losses associated with the degradation of an ecosystem: The case of submerged aquatic vegetation in Chesapeake Bay," Journal of Environmental Economics and Management, Elsevier, vol. 12(3), pages 246-263, September.
    7. Tu, Pierre N. V. & Wilman, Elizabeth A., 1992. "A generalized predator- prey model: Uncertainty and management," Journal of Environmental Economics and Management, Elsevier, vol. 23(2), pages 123-138, September.
    8. Swallow, Stephen K., 1990. "Depletion of the environmental basis for renewable resources: The economics of interdependent renewable and nonrenewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 281-296, November.
    9. Edward Barbier & Ivar Strand & Suthawan Sathirathai, 2002. "Do Open Access Conditions Affect the Valuation of an Externality? Estimating the Welfare Effects of Mangrove-Fishery Linkages in Thailand," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(4), pages 343-365, April.
    10. Sanchirico, James N. & Smith, Martin D., 2003. "Trophic Portfolios In Marine Fisheries: A Step Towards Ecosystem Management," 2003 Annual meeting, July 27-30, Montreal, Canada 22191, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Freeman, A. III, 1991. "Valuing environmental resources under alternative management regimes," Ecological Economics, Elsevier, vol. 3(3), pages 247-256, September.
    12. Kurt A. Schwabe, 2001. "Nonpoint Source Pollution, Uniform Control Strategies, and the Neuse River Basin," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(2), pages 352-369.
    13. Smith, Martin D. & Crowder, Larry B., 2005. "Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary," Natural Resources Management Working Papers 12127, Fondazione Eni Enrico Mattei (FEEM).
    14. Martin D. Smith & Larry B. Crowder, 2011. "Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary," Sustainability, MDPI, vol. 3(11), pages 1-39, November.
    15. Martin D. Smith, 2002. "Two Econometric Approaches for Predicting the Spatial Behavior of Renewable Resource Harvesters," Land Economics, University of Wisconsin Press, vol. 78(4), pages 522-538.
    16. John A. List & Aart de Zeeuw (ed.), 2002. "Recent Advances in Environmental Economics," Books, Edward Elgar Publishing, number 2728.
    17. McConnell, Kenneth E. & Strand, Ivar E., 1989. "Benefits from commercial fisheries when demand and supply depend on water quality," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 284-292, November.
    18. Finnoff, David & Tschirhart, John, 2003. "Harvesting in an eight-species ecosystem," Journal of Environmental Economics and Management, Elsevier, vol. 45(3), pages 589-611, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mathieu Cuilleret & Luc Doyen & Hélène Gomes & Fabian Blanchard, 2021. "Resilience-based management for small-scale fisheries in the face of global changes and uncertainties," Bordeaux Economics Working Papers 2021-20, Bordeaux School of Economics (BSE).
    2. Cuilleret, Mathieu & Doyen, Luc & Gomes, Hélène & Blanchard, Fabian, 2022. "Resilience management for coastal fisheries facing with global changes and uncertainties," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 634-656.
    3. Huang, Ling & Smith, Martin D., 2011. "Management of an annual fishery in the presence of ecological stress: The case of shrimp and hypoxia," Ecological Economics, Elsevier, vol. 70(4), pages 688-697, February.
    4. Barbier, Edward B., 2012. "A spatial model of coastal ecosystem services," Ecological Economics, Elsevier, vol. 78(C), pages 70-79.
    5. Cropper, Maureen L. & Isaac, William, 2011. "The Benefits of Achieving the Chesapeake Bay TMDLs (Total Maximum Daily Loads): A Scoping Study," RFF Working Paper Series dp-11-31, Resources for the Future.
    6. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Martin D. Smith & Larry B. Crowder, 2011. "Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary," Sustainability, MDPI, vol. 3(11), pages 1-39, November.
    2. Edward B. Barbier, 2003. "Habitat–Fishery Linkages And Mangrove Loss In Thailand," Contemporary Economic Policy, Western Economic Association International, vol. 21(1), pages 59-77, January.
    3. Edward Barbier & Ivar Strand & Suthawan Sathirathai, 2002. "Do Open Access Conditions Affect the Valuation of an Externality? Estimating the Welfare Effects of Mangrove-Fishery Linkages in Thailand," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(4), pages 343-365, April.
    4. Thanh Viet Nguyen & Lars Ravn-Jonsen & Niels Vestergaard, 2016. "Marginal Damage Cost of Nutrient Enrichment: The Case of the Baltic Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 109-129, May.
    5. Eppink, Florian V. & van den Bergh, Jeroen C.J.M., 2007. "Ecological theories and indicators in economic models of biodiversity loss and conservation: A critical review," Ecological Economics, Elsevier, vol. 61(2-3), pages 284-293, March.
    6. Mykoniatis, Nikolaos & Ready, Richard, 2013. "Evaluating habitat-fishery interactions: The case of Submerged Aquatic Vegetation and Blue Crab fishery in the Chesapeake Bay," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150683, Agricultural and Applied Economics Association.
    7. 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.
    8. Tibor Neugebauer, 2005. "Bioeconomics Of Sustainable Harvest Of Competing Species: A Comment," Others 0503012, University Library of Munich, Germany.
    9. McConnell, Kenneth E. & Bockstael, Nancy E., 2006. "Valuing the Environment as a Factor of Production," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 14, pages 621-669, Elsevier.
    10. Duncan Knowler, 2002. "A Review of Selected Bioeconomic Models with Environmental Influences in Fisheries," Journal of Bioeconomics, Springer, vol. 4(2), pages 163-181, May.
    11. Melstrom, Richard T. & Horan, Richard D., 2013. "Managing excessive predation in a predator-endangered prey setting," Ecological Economics, Elsevier, vol. 90(C), pages 85-93.
    12. Stafford, Tess M., 2018. "Accounting for outside options in discrete choice models: An application to commercial fishing effort," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 159-179.
    13. Edward Barbier & Ivar Strand, 1998. "Valuing Mangrove-Fishery Linkages – A Case Study of Campeche, Mexico," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(2), pages 151-166, September.
    14. David Finnoff & John Tschirhart, 2003. "Protecting an Endangered Species While Harvesting Its Prey in a General Equilibrium Ecosystem Model," Land Economics, University of Wisconsin Press, vol. 79(2), pages 160-180.
    15. Barbier, Edward B., 2000. "Valuing the environment as input: review of applications to mangrove-fishery linkages," Ecological Economics, Elsevier, vol. 35(1), pages 47-61, October.
    16. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2008. "An empirical approach to ecosystem-based fishery management," Ecological Economics, Elsevier, vol. 64(3), pages 586-596, January.
    17. John Tschirhart, 2012. "Biology as a Source of Non-convexities in Ecological Production Functions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(2), pages 189-213, February.
    18. Tromeur, Eric & Doyen, Luc & Tarizzo, Violaine & Little, L. Richard & Jennings, Sarah & Thébaud, Olivier, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Ecological Economics, Elsevier, vol. 190(C).
    19. Julio Peña Torres & Mabyr Valderrama, 2008. "Fishing Location decisions in the Chilean-Transzonal Jack Mackerel Fishery," ILADES-UAH Working Papers inv217, Universidad Alberto Hurtado/School of Economics and Business.
    20. H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, vol. 4(4), pages 1-32, March.

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:83:y:2007:i:1:p:59-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.