Aquaculture, Capture Fisheries, and Wild Fish Stocks
AbstractIn a general equilibrium model, this paper examines how the rise of aquaculture and the decline of wild fish stocks are related. Two factors, population growth and technological improvement in aquaculture, have been studied in an aquaculture restricted entry case and an aquaculture free entry case. Both factors raise aquaculture production, while changes in wild fish stocks hinge on entry conditions. In the restricted entry case, population growth reduces wild fish stocks, but technological progress in aquaculture raises them. In contrast, in the free entry case, only technological advance in aquaculture affects and raises wild fish stocks.
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Bibliographic InfoPaper provided by Department of Economics, University of Calgary in its series Working Papers with number 2007-17.
Date of creation: 31 Oct 2007
Date of revision: 31 Oct 2007
Find related papers by JEL classification:
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
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- Anderson, James L., 2002. "Aquaculture And The Future: Why Fisheries Economists Should Care," Marine Resource Economics, Marine Resources Foundation, vol. 17(2).
- Brown, Gardner, Jr, 1974. "An Optimal Program for Managing Common Property Resources with Congestion Externalities," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 163-73, Jan.-Feb..
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