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Incentives for optimal management of age-structured fish populations

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  • Quaas, Martin F.
  • Requate, Till
  • Ruckes, Kirsten
  • Skonhoft, Anders
  • Vestergaard, Niels
  • Voss, Rudi

Abstract

We characterize optimal fishery management in an age-structured, bio-economic model where two age groups are harvested with costly and imperfect selectivity. We show that a system of tradable fishing permits, each allowing to harvest a specific number of fish that differs with age group, implements optimal age-structured harvesting, while traditional biomass quotas fail to solve the problem of growth overfishing. With our system, gear restrictions (such as mesh-size prescriptions) become obsolete. We apply our model to the Eastern Baltic cod fishery and quantify the benefits of optimal age-structured management.

Suggested Citation

  • Quaas, Martin F. & Requate, Till & Ruckes, Kirsten & Skonhoft, Anders & Vestergaard, Niels & Voss, Rudi, 2013. "Incentives for optimal management of age-structured fish populations," Resource and Energy Economics, Elsevier, vol. 35(2), pages 113-134.
  • Handle: RePEc:eee:resene:v:35:y:2013:i:2:p:113-134 DOI: 10.1016/j.reseneeco.2012.12.004
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Skonhoft, Anders & Gong, Peichen, 2014. "Wild salmon fishing: Harvesting the old or young?," Resource and Energy Economics, Elsevier, vol. 36(2), pages 417-435.
    2. Thanh Viet Nguyen & Lars Ravn-Jonsen & Niels Vestergaard, 2016. "Marginal Damage Cost of Nutrient Enrichment: The Case of the Baltic Sea," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 109-129, May.
    3. Hannes Uecker & Thorsten Upmann, 2016. "Optimal Fishery with Coastal Catch," CESifo Working Paper Series 6054, CESifo Group Munich.
    4. Hutniczak, Barbara, 2015. "Modeling heterogeneous fleet in an ecosystem based management context," Ecological Economics, Elsevier, vol. 120(C), pages 203-214.
    5. Eric Sjöberg, 2014. "Pricing the Fish Market- Does size matter?," Working Paper Series, Department of Economics, University of Utah 2014_01, University of Utah, Department of Economics.
    6. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
    7. Ute Kapaun & Martin Quaas, 2013. "Does the Optimal Size of a Fish Stock Increase with Environmental Uncertainties?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 293-310, February.
    8. Da Rocha, José María & García-Cutrín, Javier & Gutiérrez Huerta, María José & Touza, Julia, 2015. "Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models," DFAEII Working Papers DFAEII;2015-02, University of the Basque Country - Department of Foundations of Economic Analysis II.

    More about this item

    Keywords

    Fishery management; Growth overfishing; Recruitment overfishing; Optimal harvesting; Age-structured model;

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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