IDEAS home Printed from https://ideas.repec.org/a/ucp/mresec/doi10.1086-685383.html
   My bibliography  Save this article

Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic

Author

Listed:
  • Nils-Arne Ekerhovd
  • Stein Ivar Steinshamn

Abstract

Optimal management of herring, mackerel, and blue whiting in the North East Atlantic is analyzed. The main motivation is to quantify the potential gain from implementing multispecies management compared to traditional single-species management. The objective is to maximize discounted net revenue; in other words a sole-owner perspective. The results are derived from an empirically based surplus growth type of model with three species. The biological interaction in the model is mainly competition for food. One result is that discounted net revenue could have been around 25% higher if the stocks had been optimally managed from a multi-species perspective.

Suggested Citation

  • Nils-Arne Ekerhovd & Stein Ivar Steinshamn, 2016. "Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 193-210.
  • Handle: RePEc:ucp:mresec:doi:10.1086/685383
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/685383
    Download Restriction: Access to the online full text or PDF requires a subscription.

    File URL: http://dx.doi.org/10.1086/685383
    Download Restriction: Access to the online full text or PDF requires a subscription.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Toumasatos, Evangelos & Steinshamn, Stein Ivar, 2017. "Coalition Formation with Externalities: The Case of the Northeast Atlantic Mackerel Fishery in a Pre and Post Brexit Context," Discussion Papers 2017/11, Norwegian School of Economics, Department of Business and Management Science.
    2. Ekerhovd, Nils-Arne & Kvamsdal, Sturla F., 2017. "Up the ante on bioeconomic submodels of marine food webs: A data assimilation-based approach," Ecological Economics, Elsevier, vol. 131(C), pages 250-261.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:mresec:doi:10.1086/685383. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division). General contact details of provider: http://www.journals.uchicago.edu/MRE/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.