IDEAS home Printed from https://ideas.repec.org/p/isu/genres/12839.html
   My bibliography  Save this paper

Bio-Economies of Scope and the Discard Problem in Mulitple Species Fisheries

Author

Listed:
  • Singh, Rajesh
  • Weninger, Quinn

Abstract

This paper considers the problem of multi-species fisheries management when targeting individual species is costly and at-sea discards of fish by fishermen are unobserved by the regulator. Stock conditions, ecosystem interaction, technological specification, and relative prices under which at sea discards are acute are identified. A dynamic model is developed to balance ecological interdependencies among multiple fish species, and scope economies implicit in a costly targeting technology. Three regulatory regimes, species-specific harvest quotas, landing taxes, and revenue quotas, are contrasted against a hypothetical sole owner problem. An optimal plan under all regimes precludes discarding. For both very low and very high levels of targeting costs, first best welfare is close to that achieved through any of the regulatory regimes. In general, however, landing taxes welfare dominate species-specific quota regulation; a revenue quota fares the worst.

Suggested Citation

  • Singh, Rajesh & Weninger, Quinn, 2009. "Bio-Economies of Scope and the Discard Problem in Mulitple Species Fisheries," Staff General Research Papers Archive 12839, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:12839
    as

    Download full text from publisher

    File URL: http://www2.econ.iastate.edu/papers/p5442-2009-12-22.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    2. Brown, Gardner & Berger, Brett & Ikiara, Moses, 2005. "Different property rights regimes in the Lake Victoria multiple species fishery," Environment and Development Economics, Cambridge University Press, vol. 10(01), pages 53-65, February.
    3. Flaaten, Ola, 1991. "Bioeconomics of sustainable harvest of competing species," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 163-180, March.
    4. Diewert, W. E., 1973. "Functional forms for profit and transformation functions," Journal of Economic Theory, Elsevier, vol. 6(3), pages 284-316, June.
    5. Boyce, John R., 1996. "An Economic Analysis of the Fisheries Bycatch Problem," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 314-336, November.
    6. Turner, Matthew A., 1997. "Quota-Induced Discarding in Heterogeneous Fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 186-195, June.
    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. Aaron Hatcher, 2014. "Implications of a Discard Ban in Multispecies Quota Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(3), pages 463-472, July.
    2. Anders Skonhoft & Niels Vestergaard & Martin Quaas, 2012. "Optimal Harvest in an Age Structured Model with Different Fishing Selectivity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(4), pages 525-544, April.
    3. Stephen Kasperski, 2015. "Optimal Multi-species Harvesting in Ecologically and Economically Interdependent Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(4), pages 517-557, August.
    4. Singh, Rajesh & Weninger, Quinn, 2012. "Harvesting uncertainty and discards in multiple-species fisheries," Staff General Research Papers Archive 35428, Iowa State University, Department of Economics.
    5. Rong Zhou & Kathleen Segerson, 2016. "Individual vs. Collective Approaches to Fisheries Management," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 165-192.
    6. Veyssiere, Luc Pierre & Weninger, Quinn, 2009. "Fishing Behavior Across Space and Time," Staff General Research Papers Archive 31848, Iowa State University, Department of Economics.
    7. Singh, Rajesh & Weninger, Quinn, 2017. "Spatial and seasonal equilibrium harvesting in quota-managed multispecies fisheries," ISU General Staff Papers 201708300700001033, Iowa State University, Department of Economics.
    8. Veyssiere, Luc Pierre, 2009. "A three essays dissertation on agricultural and environmental microeconomics," ISU General Staff Papers 200901010800001958, Iowa State University, Department of Economics.
    9. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
    10. Quaas, Martin F. & Requate, Till & Ruckes, Kirsten & Skonhoft, Anders & Vestergaard, Niels & Voss, Rudi, 2013. "Incentives for optimal management of age-structured fish populations," Resource and Energy Economics, Elsevier, vol. 35(2), pages 113-134.
    11. Singh, Rajesh & Weninger, Quinn, 2017. "Quota flexibility in multi-species fisheries," ISU General Staff Papers 201707260700001026, Iowa State University, Department of Economics.
    12. Rajesh Singh & Quinn Weninger, 2015. "Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty," Marine Resource Economics, University of Chicago Press, vol. 30(1), pages 97-119.
    13. Singh, Rajesh & Weninger, Quinn, 2017. "Quota flexibility in multi-species fisheries," ISU General Staff Papers 201707080700001026, Iowa State University, Department of Economics.
    14. Holland, D.S., 2010. "Markets, pooling and insurance for managing bycatch in fisheries," Ecological Economics, Elsevier, vol. 70(1), pages 121-133, November.

    More about this item

    Keywords

    scope economies; multiple species fishery management; costly targeting; discarding;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:isu:genres:12839. 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: (Curtis Balmer). General contact details of provider: http://edirc.repec.org/data/deiasus.html .

    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 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.

    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.