Wild salmon fishing:Harvesting the old or young?
AbstractThis paper develops an optimal harvesting model for the wild Atlantic salmon (Salmo salar), where various age classes of the population is included. It is shown that the marginal value-fecundity relationship of the spawning population, comprising young and old fish, is crucial for the optimal fishing composition. If the marginal value-fecundity ratio is higher for the old spawning population,this age-class should be harvested more aggressively than the young spawning population, and vice versa. It is also shown that changes in prices and interest rate have similar as well as different effects than in the standard fishing biomass model. Changes in the relative price for the harvestable age classes could either increase or reduce the optimal harvest intensity, or have no effect. While a higher interest rate tends to increase the exploitation pressure there also exist intervals in which the optimal harvest program is not affected by changes in the interest rate.
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Bibliographic InfoPaper provided by Department of Economics, Norwegian University of Science and Technology in its series Working Paper Series with number 15513.
Length: 37 pages
Date of creation: 26 Nov 2013
Date of revision:
Salmon fishery; age classes; maximum economic yield;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-29 (All new papers)
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- Anders Skonhoft & Niels Vestergaard & Martin Quaas, 2012. "Optimal Harvest in an Age Structured Model with Different Fishing Selectivity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(4), pages 525-544, April.
- McConnell, Kenneth E. & Sutinen, Jon G., 1979. "Bioeconomic models of marine recreational fishing," Journal of Environmental Economics and Management, Elsevier, vol. 6(2), pages 127-139, June.
- Naevdal, Eric & Olaussen, Jon Olaf & Skonhoft, Anders, 2012. "A bioeconomic model of trophy hunting," Ecological Economics, Elsevier, vol. 73(C), pages 194-205.
- Tahvonen, Olli, 2009. "Economics of harvesting age-structured fish populations," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 281-299, November.
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