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The Value of the Swedish Eel Fishery

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  • Jesper Stage

Abstract

Traditional sectors, such as agriculture and fishing, often receive special treatment from policymakers because such sectors are perceived to be associated with traditional cultural public good values. However, these values are often difficult to measure, and few attempts have been made to do so. The recent European Union (EU) eel management directive creates an unusually clear-cut tradeoff between eel fishing and other agents affecting the European eel population. It is possible, therefore, to directly measure the perceived public good value of the eel fishery in terms of other economic costs that policymakers are willing to incur in order to maintain eel fishing. Using Swedish data, we find that Swedish policymakers value the public good aspect of the remaining Swedish eel fishery at a minimum of SEK 34 million (approximately EUR 3.4 million) annually, which is more than the commercial eel fishery's actual production value.

Suggested Citation

  • Jesper Stage, 2015. "The Value of the Swedish Eel Fishery," Marine Resource Economics, University of Chicago Press, vol. 30(1), pages 21-34.
    • Handle: RePEc:ucp:mresec:doi:10.1086/679465
    DOI: 10.1086/679465
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    References listed on IDEAS

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    1. Zhang Junjie, 2011. "Behavioral Response to Stock Abundance in Exploiting Common-Pool Resources," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-27, August.
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    Cited by:

    1. Staffan Waldo & Anton Paulrud, 2017. "Reducing Greenhouse Gas Emissions in Fisheries: The Case of Multiple Regulatory Instruments in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 275-295, October.
    2. Christian Elleby & Frank Jensen, 2018. "How Many Instruments Do We Really Need? A First-Best Optimal Solution to Multiple Objectives with Fisheries Regulation," IFRO Working Paper 2018/05, University of Copenhagen, Department of Food and Resource Economics.

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