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Spare the Young Fish: Optimal Harvesting Policies for North-East Arctic Cod

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  • Florian Diekert
  • Dag Hjermann
  • Eric Nævdal
  • Nils Stenseth

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  • Florian Diekert & Dag Hjermann & Eric Nævdal & Nils Stenseth, 2010. "Spare the Young Fish: Optimal Harvesting Policies for North-East Arctic Cod," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(4), pages 455-475, December.
    • Handle: RePEc:kap:enreec:v:47:y:2010:i:4:p:455-475
    DOI: 10.1007/s10640-010-9388-z
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    1. Smith, Martin D. & Zhang, Junjie & Coleman, Felicia C., 2008. "Econometric modeling of fisheries with complex life histories: Avoiding biological management failures," Journal of Environmental Economics and Management, Elsevier, vol. 55(3), pages 265-280, May.
    2. Wilen, James E., 1985. "Bioeconomics of renewable resource use," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 1, chapter 2, pages 61-124, Elsevier.
    3. Diekert, Florian K. & Hjermann, Dag Ø. & Nævdal, Eric & Stenseth, Nils Chr., 2010. "Non-cooperative exploitation of multi-cohort fisheries--The role of gear selectivity in the North-East Arctic cod fishery," Resource and Energy Economics, Elsevier, vol. 32(1), pages 78-92, January.
    4. Krysiak, Frank C. & Krysiak, Daniela, 2002. "Aggregation of Dynamic Systems and the Existence of a Regeneration Function," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 517-539, November.
    5. Christian N. K. Anderson & Chih-hao Hsieh & Stuart A. Sandin & Roger Hewitt & Anne Hollowed & John Beddington & Robert M. May & George Sugihara, 2008. "Why fishing magnifies fluctuations in fish abundance," Nature, Nature, vol. 452(7189), pages 835-839, April.
    6. Hannesson, Rögnvaldur, 2007. "Cheating about the cod," Marine Policy, Elsevier, vol. 31(6), pages 698-705, November.
    7. Guttormsen, Atle G. & Kristofersson, Dadi & Nævdal, Eric, 2008. "Optimal management of renewable resources with Darwinian selection induced by harvesting," Journal of Environmental Economics and Management, Elsevier, vol. 56(2), pages 167-179, September.
    8. Nils Chr. Stenseth & Tristan Rouyer, 2008. "Destabilized fish stocks," Nature, Nature, vol. 452(7189), pages 825-826, April.
    9. Massey, D. Matthew & Newbold, Stephen C. & Gentner, Brad, 2006. "Valuing water quality changes using a bioeconomic model of a coastal recreational fishery," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 482-500, July.
    10. Homans, Frances R. & Wilen, James E., 2005. "Markets and rent dissipation in regulated open access fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 381-404, March.
    11. Smith, Vernon L, 1969. "On Models of Commercial Fishing," Journal of Political Economy, University of Chicago Press, vol. 77(2), pages 181-198, March/Apr.
    12. Hannesson, Rognvaldur, 1997. "Fishing as a Supergame," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 309-322, March.
    13. Smith, Martin D. & Wilen, James E., 2003. "Economic impacts of marine reserves: the importance of spatial behavior," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 183-206, September.
    14. Ragnar Arnason & Leif K. Sandal & Stein Ivar Steinshamn & Niels Vestergaard, 2004. "Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 531-542.
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    Cited by:

    1. Johannesen, Anne B. & Nielsen, Anders & Skonhoft, Anders, 2013. "Livestock management at northern latitudes," Ecological Economics, Elsevier, vol. 93(C), pages 239-248.
    2. Nævdal, Eric & Skonhoft, Anders, 2018. "New insights from the canonical fisheries model – Optimal management when stocks are low," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 125-133.
    3. Lee, Min-Yang & Benjamin, Sharon & Carr-Harris, Andrew & Hart, Deborah & Speir, Cameron, 2019. "Resource Abundance, Fisheries Management, and Fishing Ports: The U.S. Atlantic Sea Scallop Fishery," Agricultural and Resource Economics Review, Cambridge University Press, vol. 48(1), pages 71-99, April.
    4. Tahvonen, Olli & Quaas, Martin F. & Voss, Rüdiger, 2018. "Harvesting selectivity and stochastic recruitment in economic models of age-structured fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 659-676.
    5. José Da Rocha & María Gutiérrez, 2012. "Endogenous Fishery Management in a Stochastic Model: Why Do Fishery Agencies Use TACs Along with Fishing Periods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 25-59, September.
    6. Da Rocha, José María & Gutiérrez Huerta, María José, 2010. "Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    7. José-María Da-Rocha & Rosa Mato-Amboage, 2016. "On the Benefits of Including Age-Structure in Harvest Control Rules," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 619-641, August.
    8. Jana, Debaldev & Agrawal, Rashmi & Upadhyay, Ranjit Kumar & Samanta, G.P., 2016. "Ecological dynamics of age selective harvesting of fish population: Maximum sustainable yield and its control strategy," Chaos, Solitons & Fractals, Elsevier, vol. 93(C), pages 111-122.
    9. Burcu Ozgun & Ozgen Ozturk & Serkan Kucuksenel, 2019. "Optimal Harvesting of a Prey-Predator Fishery: An Overlapping Generations Analysis," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 33(2), pages 1-21.
    10. Naevdal, Eric & Olaussen, Jon Olaf & Skonhoft, Anders, 2012. "A bioeconomic model of trophy hunting," Ecological Economics, Elsevier, vol. 73(C), pages 194-205.
    11. Kanik, Zafer & Kucuksenel, Serkan, 2016. "Quota implementation of the maximum sustainable yield for age-structured fisheries," MPRA Paper 70535, University Library of Munich, Germany.
    12. Diekert , Florian & Lund , Kristen & Schweder, Tore, 2014. "From Open-Access to Individual Quotas: Disentangling the Effects of Policy Reform and Environmental Changes in the Norwegian Coastal Cod Fishery," Memorandum 07/2014, Oslo University, Department of Economics.
    13. José-María Da Rocha & María-Jose Gutiérrez & Luis Antelo, 2013. "Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 139-154, January.
    14. 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.
    15. Kawata, Yukichika, 2012. "Fishery resource recovery strategy without reducing the number of landings: A case study of the ocellate puffer in Japan," Ecological Economics, Elsevier, vol. 77(C), pages 225-233.
    16. Helgesen, Irmelin Slettemoen & Skonhoft, Anders & Eide, Arne, 2018. "Maximum Yield Fishing and Optimal Fleet Composition. A Stage Structured Model Analysis With an Example From the Norwegian North-East Arctic Cod Fishery," Ecological Economics, Elsevier, vol. 153(C), pages 204-217.
    17. Olli Tahvonen & Martin Quaas & Jörn Schmidt & Rudi Voss, 2013. "Optimal Harvesting of an Age-Structured Schooling Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 21-39, January.
    18. Andries Richter & Anne Maria Eikeset & Daan Soest & Florian Klaus Diekert & Nils Chr. Stenseth, 2018. "Optimal Management Under Institutional Constraints: Determining a Total Allowable Catch for Different Fleet Segments in the Northeast Arctic Cod Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 811-835, April.

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