Advanced Search
MyIDEAS: Login to save this paper or follow this series

Welfare Impacts of Ocean Acidification: An Integrated Assessment Model of the US Mollusk Fishery

Contents:

Author Info

  • Christopher C. Moore
Registered author(s):

    Abstract

    As atmospheric carbon dioxide (CO2) concentrations increase, the world’s oceans are absorbing CO2 at a faster rate than at any time in the past 800,000 years. While this reduces the amount of the most prevalent greenhouse gas in the atmosphere it also causes changes in seawater chemistry, collectively known as ocean acidification. One of the known ecological impacts of ocean acidification is a reduced ability of some marine calcifiers to form shells and skeletons. Mollusks and reef building corals are particularly vulnerable. Understanding how these biophysical impacts affect social welfare is a critical step in crafting and evaluating policies that reduce CO2 emissions. There is an extensive body of literature estimating the economic impacts of climate change but very little research has been done on how ocean acidification could affect social welfare. This paper proposes an integrated biogeochemical-economic model to estimate the social welfare impacts of ocean acidification in the US mollusk fishery. To demonstrate the model two pathways for global greenhouse gas emissions are compared: a baseline path and a policy path in which CO2 and other greenhouse gas emissions are reduced. These pathways provide input for integrated earth systems models, generating forecasts of changes to sea water chemistry and mollusk production. A two-stage demand system estimates the utility function parameters needed to calculate compensating variation for avoided increases in the prices of oysters, scallops, clams and mussels. The model estimates annual compensating variation for the mitigation path relative to baseline conditions.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://yosemite.epa.gov/ee/epa/eed.nsf/WPNumber/2011-06/$File/2011-06.PDF
    File Function: First version, 2011
    Download Restriction: no

    Bibliographic Info

    Paper provided by National Center for Environmental Economics, U.S. Environmental Protection Agency in its series NCEE Working Paper Series with number 201106.

    as in new window
    Length: 35 pages
    Date of creation: Dec 2011
    Date of revision: Dec 2011
    Handle: RePEc:nev:wpaper:wp201106

    Contact details of provider:
    Postal: 1200 Pennsylvania Ave., N.W., Washington, D.C. 20460
    Phone: 202-566-2244
    Web page: http://yosemite.epa.gov/ee/epa/eed.nsf/webpages/homepage
    More information through EDIRC

    Related research

    Keywords: ocean acidification; integrated assessment model; demand system estimation;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Edward Barbier & Ivar Strand, 1998. "Valuing Mangrove-Fishery Linkages – A Case Study of Campeche, Mexico," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 12(2), pages 151-166, September.
    2. Daiju Narita & Katrin Rehdanz & Richard S.J. Tol, 2011. "Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production," Kiel Working Papers 1710, Kiel Institute for the World Economy.
    3. Bockstael, Nancy E & McConnell, Kenneth E, 1983. "Welfare Measurement in the Household Production Framework," American Economic Review, American Economic Association, vol. 73(4), pages 806-14, September.
    4. Muellbauer, John, 1976. "Community Preferences and the Representative Consumer," Econometrica, Econometric Society, vol. 44(5), pages 979-99, September.
    5. David L. Edgerton, 1997. "Weak Separability and the Estimation of Elasticities in Multistage Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 62-79.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:nev:wpaper:wp201106. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cynthia Morgan).

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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