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Intrinsic Fish Characteristics and Intraseason Production Efficiency: A Management-Level Bioeconomic Analysis of a Commercial Fishery

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  • Sherry L. Larkin
  • Gilbert Sylvia

Abstract

Biological changes in Pacific whiting (Merluccius productus) and corresponding production yields were used to model a vertically integrated fishery from harvest through processing. The seasonal bioeconomic programming model incorporated stock dynamics with the interactive economic effects of intrinsic fish quality, the harvest schedule, and quota allocation between heterogeneous user groups. The optimal management plan would maximize discounted net industry revenues (NPV) given a minimum spawning biomass. NPV was maximized when the intraseason timing of harvest coincided with the seasonal improvement in fish quality (e.g., following spawning and/or migration). NPV was only marginally affected, however, by the quota allocation between groups. Copyright 1999, Oxford University Press.

Suggested Citation

  • Sherry L. Larkin & Gilbert Sylvia, 1999. "Intrinsic Fish Characteristics and Intraseason Production Efficiency: A Management-Level Bioeconomic Analysis of a Commercial Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 29-43.
    • Handle: RePEc:oup:ajagec:v:81:y:1999:i:1:p:29-43
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    File URL: http://hdl.handle.net/10.2307/1244448
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    Cited by:

    1. Hammarlund, Cecilia, 2013. "The Big, the Bad and the Average: Hedonic Prices and Inverse Demand for Baltic Cod," Working Papers 2013:34, Lund University, Department of Economics.
    2. Fong, Quentin S. W. & Anderson, James L., 2002. "International shark fin markets and shark management: an integrated market preference-cohort analysis of the blacktip shark (Carcharhinus limbatus)," Ecological Economics, Elsevier, vol. 40(1), pages 117-130, January.
    3. Doole, Graeme J. & Alexander, Robert R., 2005. "Importance of user cost to the optimal management of multiplecohort fish populations," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137839, Australian Agricultural and Resource Economics Society.
    4. Cecilia Hammarlund, 2015. "The Big, the Bad, and the Average: Hedonic Prices and Inverse Demand for Baltic Cod," Marine Resource Economics, University of Chicago Press, vol. 30(2), pages 157-177.
    5. Knútsson, Ögmundur & Kristófersson, Daði Már & Gestsson, Helgi, 2016. "The effects of fisheries management on the Icelandic demersal fish value chain," Marine Policy, Elsevier, vol. 63(C), pages 172-179.
    6. Homans, Frances R. & Wilen, James E., 2000. "Market Rent Dissipation In Regulated Open Access Fisheries," 2000 Annual meeting, July 30-August 2, Tampa, FL 21878, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Sherry Larkin & Gil Sylvia, 2004. "Generating Enhanced Fishery Rents by Internalizing Product Quality Characteristics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(1), pages 101-122, May.
    8. Kvamsdal, Sturla F. & Maroto, José M. & Morán, Manuel & Sandal, Leif K., 2020. "Bioeconomic modeling of seasonal fisheries," European Journal of Operational Research, Elsevier, vol. 281(2), pages 332-340.
    9. Antle, John M. & Capalbo, Susan Marie, 2002. "Agriculture As A Managed Ecosystem: Policy Implications," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(1), pages 1-15, 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. Ni, Yuanming & Sandal, Leif Kristoffer, 2019. "Seasonality matters: A multi-season, multi-state dynamic optimization in fisheries," European Journal of Operational Research, Elsevier, vol. 275(2), pages 648-658.
    12. Bjorndal, Trond & Lane, Daniel E. & Weintraub, Andres, 2004. "Operational research models and the management of fisheries and aquaculture: A review," European Journal of Operational Research, Elsevier, vol. 156(3), pages 533-540, August.
    13. Sylvia, Gilbert & Tuininga, Chris & Larkin, Sherry L., 2003. "Portfolio Analysis for Optimal Seafood Product Diversification and Resource Management," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(2), pages 1-20, August.
    14. 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.
    15. Anna M. Birkenbach & Andreea L. Cojocaru & Frank Asche & Atle G. Guttormsen & Martin D. Smith, 2020. "Seasonal Harvest Patterns in Multispecies Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 631-655, March.

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