IDEAS home Printed from https://ideas.repec.org/p/ags/aaea03/22191.html
   My bibliography  Save this paper

Trophic Portfolios In Marine Fisheries: A Step Towards Ecosystem Management

Author

Listed:
  • Sanchirico, James N.
  • Smith, Martin D.

Abstract

Marine ecologists warn that humans are "fishing down marine food webs." To explore the economic implications of this phenomenon, this paper applies portfolio theory to aggregate fisheries data. It poses two definitions of a sustainable mean-variance catch frontier. It computes a mean-variance frontier for catch using UNFAO historical fisheries data. Finally, the paper discusses the historical trend in inefficiency.

Suggested Citation

  • Sanchirico, James N. & Smith, Martin D., 2003. "Trophic Portfolios In Marine Fisheries: A Step Towards Ecosystem Management," 2003 Annual meeting, July 27-30, Montreal, Canada 22191, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22191
    DOI: 10.22004/ag.econ.22191
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/22191/files/sp03sa05.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.22191?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Andrea Beltratti & Graciela Chichilnisky & Geoffrey Heal, 1993. "Sustainable Growth and the Green Golden Rule," NBER Working Papers 4430, National Bureau of Economic Research, Inc.
    2. Friðrik Már Baldursson & Guðmundur Magnússon, 1997. "Portfolio Fishing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 389-403, September.
    3. Anonymous, 1950. "Food and Agriculture Organization," International Organization, Cambridge University Press, vol. 4(1), pages 126-128, February.
    4. Anonymous, 1950. "Food and Agriculture Organization," International Organization, Cambridge University Press, vol. 4(3), pages 479-480, August.
    5. Anonymous, 1950. "Food and Agriculture Organization," International Organization, Cambridge University Press, vol. 4(4), pages 671-672, November.
    6. Steven C. Blank, 2001. "Producers get Squeezed up the Farming Food Chain: A Theory of Crop Portfolio Composition and Land Use," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(2), pages 404-422.
    7. Anonymous, 1950. "Food and Agriculture Organization," International Organization, Cambridge University Press, vol. 4(2), pages 313-314, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2006. "An Approach to Ecosystem-Based Fishery Management," RFF Working Paper Series dp-06-40, Resources for the Future.
    2. Martin D. Smith, 2007. "Generating Value in Habitat-Dependent Fisheries: The Importance of Fishery Management Institutions," Land Economics, University of Wisconsin Press, vol. 83(1), pages 59-73.
    3. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2008. "An empirical approach to ecosystem-based fishery management," Ecological Economics, Elsevier, vol. 64(3), pages 586-596, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natalia Brzezina & Birgit Kopainsky & Erik Mathijs, 2016. "Can Organic Farming Reduce Vulnerabilities and Enhance the Resilience of the European Food System? A Critical Assessment Using System Dynamics Structural Thinking Tools," Sustainability, MDPI, vol. 8(10), pages 1-32, September.
    2. Georgina Milne & Andrew William Byrne & Emma Campbell & Jordon Graham & John McGrath & Raymond Kirke & Wilma McMaster & Jesko Zimmermann & Adewale Henry Adenuga, 2022. "Quantifying Land Fragmentation in Northern Irish Cattle Enterprises," Land, MDPI, vol. 11(3), pages 1-16, March.
    3. Blasiak, Robert, 2015. "Balloon effects reshaping global fisheries," Marine Policy, Elsevier, vol. 57(C), pages 18-20.
    4. Arnade, Carlos & Grigsby, Elaine, 1988. "Foreign Borrowing and Agricultural Trade of Major Latin American Debtors," Staff Reports 278010, United States Department of Agriculture, Economic Research Service.
    5. Kwabena Asiama & Rohan Bennett & Jaap Zevenbergen, 2019. "Towards Responsible Consolidation of Customary Lands: A Research Synthesis," Land, MDPI, vol. 8(11), pages 1-22, October.
    6. Nwaobi, Godwin, 2013. "The Economics of Climate Change and Science of Global Warming Debate:African Perspectives," MPRA Paper 46807, University Library of Munich, Germany.
    7. Rojko, Anthony S. & Regier, Donald W. & O'Brien, Patrick & Coffing, Arthur L. & Bailey, Linda, 1978. "Alternative Futures for World Food in 1985: Volume 1, World GOL Model Analytical Report," Foreign Agricultural Economic Report (FAER) 146876, United States Department of Agriculture, Economic Research Service.
    8. Ewout Frankema, 2010. "The colonial roots of land inequality: geography, factor endowments, or institutions?," Economic History Review, Economic History Society, vol. 63(2), pages 418-451, May.
    9. Paul D'Arcy, 2014. "The Lawless Sea? Policy Options for Voluntary Compliance Regimes in Offshore Resource Zones in the Pacific," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(2), pages 297-311, May.
    10. Leones, Julie P. & Rozelle, Scott, 1991. "Rural Household Data Collection in Developing Countries: Designing Instruments and Methods for Collecting Farm Production Data," Working Papers 128161, Cornell University, Department of Applied Economics and Management.
    11. Sun, Ke & Zhang, Jihong & Lin, Fan & Ren, Jeffrey S. & Zhao, Yunxia & Wu, Wenguang & Liu, Yi, 2020. "Evaluating the influences of integrated culture on pelagic ecosystem by a numerical approach: A case study of Sungo Bay, China," Ecological Modelling, Elsevier, vol. 415(C).
    12. Rao, Xudong, 2014. "Land Fragmentation with Double Bonuses -- The Case of Tanzanian Agriculture," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169436, Agricultural and Applied Economics Association.
    13. Neetz, Roger E., 1970. "Eastern Europe's Agricultural Development and Trade: Patterns and Perspectives," Foreign Agricultural Economic Report (FAER) 145299, United States Department of Agriculture, Economic Research Service.
    14. Mathias, Karangwa, 2010. "The Effect of Land Fragmentation on the Productivity and Technical Efficiency of Smallholder Maize Farms in Southern Rwanda," Research Theses 243457, Collaborative Masters Program in Agricultural and Applied Economics.
    15. Christensen, Raymond P., 1970. "Economic Progress of Agriculture in Developing Nations 1950-68," Foreign Agricultural Economic Report (FAER) 145135, United States Department of Agriculture, Economic Research Service.
    16. Shukun Wang & Dengwang Li & Tingting Li & Changquan Liu, 2021. "Land Use Transitions and Farm Performance in China: A Perspective of Land Fragmentation," Land, MDPI, vol. 10(8), pages 1-22, July.
    17. Pierre Damien Ntihinyurwa & Walter Timo de Vries, 2021. "Farmland Fragmentation, Farmland Consolidation and Food Security: Relationships, Research Lapses and Future Perspectives," Land, MDPI, vol. 10(2), pages 1-39, January.
    18. Unknown, 1953. "Supplement to Major uses of Land in the United States," Technical Bulletins 156648, United States Department of Agriculture, Economic Research Service.
    19. Sun, Chin-Hwa & Chiang, Fu-Sung & Liu, Te-Shi & Chang, Ching-Cheng, 2001. "A Welfare Analysis Of El Nino Forecasts In The International Trade Of Fish Meal - An Application Of Stochastic Spatial Equilibrium Model," 2001 Annual meeting, August 5-8, Chicago, IL 20770, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Ntihinyurwa, Pierre Damien & de Vries, Walter Timo, 2021. "Farmland fragmentation concourse: Analysis of scenarios and research gaps," Land Use Policy, Elsevier, vol. 100(C).

    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:ags:aaea03:22191. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.