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Generating Value in Habitat-Dependent Fisheries: The Importance of Fishery Management Institutions

  • Martin D. Smith
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    This paper models dynamic producer and consumer benefits from improving habitat that supports the North Carolina blue crab fishery. It embeds two fishery management institutions—open access and partial rationalization—in a multispecies, two-patch spatial bioeconomic model with endogenous output price and estuarine eutrophication. Producer benefits from improved environmental quality are higher for the rationalized fishery than for open access. Consumer benefits are larger than producer benefits and are comparable across institutions. However, the total benefits from improving environmental quality are small relative to the benefits from rationalizing the fishery and leaving environmental quality the same.

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    File URL: http://le.uwpress.org/cgi/reprint/83/1/59
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    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 83 (2007)
    Issue (Month): 1 ()
    Pages: 59-73

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    Handle: RePEc:uwp:landec:v:83:y:2007:i:1:p:59-73
    Contact details of provider: Web page: http://le.uwpress.org/

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    1. McConnell, Kenneth E. & Strand, Ivar E., 1989. "Benefits from commercial fisheries when demand and supply depend on water quality," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 284-292, November.
    2. Tu, Pierre N. V. & Wilman, Elizabeth A., 1992. "A generalized predator- prey model: Uncertainty and management," Journal of Environmental Economics and Management, Elsevier, vol. 23(2), pages 123-138, September.
    3. Bockstael, Nancy E. & Opaluch, James J., 1983. "Discrete modelling of supply response under uncertainty: The case of the fishery," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 125-137, June.
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