Rebuilding the Eastern Baltic cod stock under environmental change - Part II: The economic viability of a marine protected area
This study adds a cost analysis of the Eastern Baltic cod fishery to the existing model presented in Röckmann et al. (forthcoming). As cost data on this international fishery do not exist, available data from Denmark are extrapolated to the whole international fishery. Additionally, unit and total variable costs are simulated and the sensitivity to a set of different cost-stock and cost-output elasticities is tested. The study supports preliminary conclusions that a temporary marine reserve policy, which focuses on protecting the Eastern Baltic cod spawning stock in ICES subdivision 25, is a valuable fisheries management tool to (a) rebuild the overexploited Eastern Baltic cod stock and (b) increase operating profits. The negative effects of climate change can be postponed for at least 20 years – depending on the assumed rate of future climate change. Including costs in the economic analysis does not change the ranking of management policies as proposed in the previous study where costs were neglected.
|Date of creation:||May 2006|
|Date of revision:||May 2006|
|Contact details of provider:|| Postal: |
Phone: +49 40 42838 6593
Fax: +49 40 42838 7009
Web page: http://www.fnu.zmaw.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Squires, Dale & Kirkley, James, 1991. "Production quota in multiproduct pacific fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 21(2), pages 109-126, September.
- Christine Roeckmann & Uwe A. Schneider & Michael A. St.John & Richard S.J. Tol, 2005. "Rebuilding the Eastern Baltic cod stock under environmental change - a preliminary approach using stock, environmental, and management constraints," Working Papers FNU-84, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2005.
- Lone Grønbæk Kronbak, 2002. "The Dynamics of an Open Access: The case of the Baltic Sea Cod Fishery - A Strategic Approach -," Working Papers 31/02, University of Southern Denmark, Department of Environmental and Business Economics.
- Eggert, Håkan & Tveterås, Ragnar, 2004. "Potential Rent and Overcapacity in the Swedish Baltic Sea Trawl Fishery," Working Papers in Economics 152, University of Gothenburg, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:sgc:wpaper:106. 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: (Uwe Schneider)
If references are entirely missing, you can add them using this form.