The Dynamics of an Open Access: The case of the Baltic Sea Cod Fishery - A Strategic Approach -
AbstractThe paper sets up a discrete-time, deterministic model of a single industry, in the light of the benchmark theory of Smith (1968). The model is used to de-scribe the dynamics of recovery from a replenishable resource such as the case of the eastern Baltic Cod fishery. The model advances from Smith’s (1968) theory since it includes a biological function dividing the change in the biomass into growth occurring during the year and recruits entering the spawning stock biomass and a dynamic entry/exit function applying a slightly more technical production function than the Schaefer production function. Theoretical possible types of steady state are discussed before the theory is applied to the eastern Baltic Sea cod fishery. The path the fishery has been following since 1982 is determined and it is discussed how it relates to the optimal path to steady state. The paper further throws light on questions as; Are we able to understand the dynamic behavior of fishermen in this fishery? Does a stable equilibrium exits and how is the path to this equilibrium described? When a fishery is regarded outside safe biological limits, could it be on the path to a positive steady state?
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 University of Southern Denmark, Department of Environmental and Business Economics in its series Working Papers with number 31/02.
Length: 53 pages
Date of creation: Jun 2002
Date of revision:
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.:
- Smith, Vernon L, 1971. "Economics of Production from Natural Resources: Reply," American Economic Review, American Economic Association, vol. 61(3), pages 488-91, June.
- Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
- Trond Bjorndal & Jon M. Conrad, 1987. "The Dynamics of an Open Access Fishery," Canadian Journal of Economics, Canadian Economics Association, vol. 20(1), pages 74-85, February.
- Lone Grønbæk Kronbak & Marko Lindroos, 2003.
"An Enforcement-Coalition Model: Fishermen and Authorities forming Coalitions,"
50/03, University of Southern Denmark, Department of Environmental and Business Economics.
- Lone Kronbak & Marko Lindroos, 2006. "An Enforcement-Coalition Model: Fishermen and Authorities Forming Coalitions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 35(3), pages 169-194, November.
- Ute Kapaun & Martin Quaas, 2013.
"Does the Optimal Size of a Fish Stock Increase with Environmental Uncertainties?,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 54(2), pages 293-310, February.
- Kapaun, Ute & Quaas, Martin F., 2012. "Does the optimal size of a fish stock increase with environmental uncertainties?," Economics Working Papers 2012-09, Christian-Albrechts-University of Kiel, Department of Economics.
- Kronbak, Lone Gronbaek, 2004. "The Dynamics of an Open-access Fishery: Baltic Sea Cod," Marine Resource Economics, Marine Resources Foundation, vol. 19(4).
- Christine Roeckmann & Uwe A. Schneider & Michael A. St.John & Richard S.J. Tol, 2006. "Rebuilding the Eastern Baltic cod stock under environmental change - Part II: The economic viability of a marine protected area," Working Papers FNU-106, Research unit Sustainability and Global Change, Hamburg University, revised May 2006.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ulla H. Oehlenschläger).
If references are entirely missing, you can add them using this form.