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Commercial whaling, tourism, and boycotts: An economic perspective

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  • Herrera, Guillermo E.
  • Hoagland, Porter

Abstract

Commercial whaling is highly contentious, angering animal rights groups and conservation organizations, who threaten boycotts. Proponents of whaling argue that many whale stocks are plentiful enough to support sustainable harvests. In terms of economic efficiency, a nation's decision to engage in whaling depends on rents from the whaling industry, ecological and market linkages, and the potential for boycotts. We analyze the tradeoffs involved in a nation's decision to engage in whaling, whale-watching, and fishing. Scenarios exist in which whaling is economically rational. Indeed, sometimes it makes economic sense to subsidize whaling. In other circumstances, market pressures make commercial whaling inefficient.

Suggested Citation

  • Herrera, Guillermo E. & Hoagland, Porter, 2006. "Commercial whaling, tourism, and boycotts: An economic perspective," Marine Policy, Elsevier, vol. 30(3), pages 261-269, May.
  • Handle: RePEc:eee:marpol:v:30:y:2006:i:3:p:261-269
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    References listed on IDEAS

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    1. Robert Deacon & Charles Kolstad & Allen Kneese & David Brookshire & David Scrogin & Anthony Fisher & Michael Ward & Kerry Smith & James Wilen, 1998. "Research Trends and Opportunities in Environmental and Natural Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 383-397.
    2. Copes, Parzival, 1970. "The Backward-Bending Supply Curve Of The Fishing Industry," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(1), pages 69-77, February.
    3. Robert Deacon & Charles Kolstad & Allen Kneese & David Brookshire & David Scrogin & Anthony Fisher & Michael Ward & Kerry Smith & James Wilen, 1998. "Research Trends and Opportunities in Environmental and Natural Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, pages 383-397.
    4. 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.
    5. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
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    Cited by:

    1. repec:eee:touman:v:62:y:2017:i:c:p:159-172 is not listed on IDEAS
    2. McAleer, Michael & Jimenez-Martin, Juan-Angel & Perez-Amaral, Teodosio, 2013. "GFC-robust risk management strategies under the Basel Accord," International Review of Economics & Finance, Elsevier, pages 97-111.
    3. Kuo, Hsiao-I. & Chen, Chi-Chung & McAleer, Michael, 2012. "Estimating the impact of whaling on global whale-watching," Tourism Management, Elsevier, vol. 33(6), pages 1321-1328.

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