Economic impacts of changes in fish population dynamics: the role of the fishermen’s harvesting strategies
Using a bioeconomic model of the cod (Gadus morhua) and capelin (Mallotus villosus) fisheries of the Barents Sea, this study assesses the role of the fishermen’s behavior in reducing or intensifying the effects on the stocks caused by altered population dynamics. The analysis focuses on the economic development of the fisheries employing a profit-maximizing harvesting strategy over a given number of fishing periods. The scenarios assessed cover a time period of 100 years with sudden changes of the productivity of both species occurring at the midpoint of each simulation. Stock sizes and landings of fish are determined for each fishing period, and the net present values of profits over periods of interest prior to and following the change in population dynamics are calculated. Results show that if the profit-maximizing harvesting strategy is based on a short optimization period, the fleets with the higher efficiency are generally favored. If the strategy is based on an optimization over two or more fishing periods, fishing activities may be deferred to allow for stock regrowth. In such cases, smaller and less cost-intensive vessels are preferred. A reduction of either the productivity or the carrying capacities of the two species has little impact on the fisheries if the change is fairly small. A substantial reduction of either quantity has a lasting negative economic impact which mainly manifests itself in a severely reduced profitability of mainly the cod fishery.
|Date of creation:||Nov 2004|
|Date of revision:||Nov 2004|
|Contact details of provider:|| Postal: Bundesstrasse 55, 20146 Hamburg|
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.:
- Robinson, C. & Pascoe, S., 1997. "Fisher behaviour: exploring the validity of the profit maximising assumption," Discussion Papers 110., Centre for the Economics and Management of Aquatic Resources.
When requesting a correction, please mention this item's handle: RePEc:sgc:wpaper:50. 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.