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Bioeconomic Analysis of Habitat-Fishery Connections: Fishing on Cold Water Coral Reefs

Author

Listed:
  • Viktoria Kahui
  • Claire W. Armstrong
  • Godwin K. Vondolia

Abstract

We develop a bioeconomic model to study habitat-fishery connections such as cold water coral habitats, which are negatively affected by bottom trawling but remain unaffected by stationary gear harvest. Using dynamic optimization, we derive optimum optimorum values for both fish and cold water coral stocks. We find that when coral is a preferred habitat, the fish and coral stocks become substitutes in terms of unit cost savings of harvest, while an essential habitat implies competing cost and growth effects. Data are from the North East Arctic cod fishery, and the results are robust and in line with our theoretical prediction.

Suggested Citation

  • Viktoria Kahui & Claire W. Armstrong & Godwin K. Vondolia, 2016. "Bioeconomic Analysis of Habitat-Fishery Connections: Fishing on Cold Water Coral Reefs," Land Economics, University of Wisconsin Press, vol. 92(2), pages 328-343.
    • Handle: RePEc:uwp:landec:v:92:y:2016:i:2:p:328-343
    Note: DOI: 10.3368/le.92.2.328
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    File URL: http://le.uwpress.org/cgi/reprint/92/2/328
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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. Godwin K. Vondolia & Wenting Chen & Claire W. Armstrong & Magnus D. Norling, 2020. "Bioeconomic Modelling of Coastal Cod and Kelp Forest Interactions: Co-benefits of Habitat Services, Fisheries and Carbon Sinks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 25-48, January.
    3. Hanny John Mediodia & Viktoria Kahui & Ilan Noy, 2023. "Sea Surface Temperature and Tuna Catch in the Eastern Pacific Ocean under Climate Change," Marine Resource Economics, University of Chicago Press, vol. 38(4), pages 329-351.

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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