The Economic Value of Rebuilding Fisheries
AbstractThe global demand for protein from seafood – whether wild, caught or cultured, whether for direct consumption or as feed for livestock – is high and projected to continue growing. However, the ocean’s ability to meet this demand is uncertain due to either mismanagement or, in some cases, lack of management of marine fish stocks. Efforts to rebuild and recover the world’s fisheries will benefit from an improved understanding of the long-term economic benefits of recovering collapsed stocks, the trajectory and duration of different rebuilding approaches, variation in the value and timing of recovery for fisheries with different economic, biological, and regulatory characteristics, including identifying which fisheries are likely to benefit most from recovery, and the benefits of avoiding collapse in the first place. These questions are addressed using a dynamic bioeconomic optimisation model that explicitly accounts for economics, management, and ecology of size-structured exploited fish populations. Within this model framework, different management options (effort controls on small-, medium-, and large-sized fish) including management that optimises economic returns over a specified planning horizon are simulated and the consequences compared. The results show considerable economic gains from rebuilding fisheries, with magnitudes varying across fisheries.
Download InfoIf 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.
Bibliographic InfoPaper provided by OECD Publishing in its series OECD Food, Agriculture and Fisheries Papers with number 55.
Date of creation: 16 Apr 2012
Date of revision:
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: ().
If references are entirely missing, you can add them using this form.