Sushi or fish fingers? Seafood diversity, collapsing fish stocks, and multi-species fishery management
We present a model of a multi-species fishery and show that (i) consumer preferences for seafood diversity may trigger a sequential collapse of fish stocks under open-access fishery, (ii) the stronger the preferences are for diversity the higher is the need for coordinated multi-species regulation, (iii) second-best optimal management of only one (or a few) species is less strict than socially optimal management of the same species. Finally, (iv) myopic regulation of one species, ignoring spill-overs to other species, may cause depletion of other stocks that would not be depleted under open access.
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- Opsomer Jean-Didier & Conrad Jon M., 1994. "An Open-Access Analysis of the Northern Anchovy Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 27(1), pages 21-37, July.
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- Kjell G. Salvanes, 1997. "Market Delineation and Demand Structure," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 139-150.
- Chiang, Fu-Sung & Lee, Jonq-Ying & Brown, Mark G., 2001. "The Impact Of Inventory On Tuna Price: An Application Of Scaling In The Rotterdam Inverse Demand System," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(03), December.
- Naevdal, Eric & Olaussen, Jon Olaf & Skonhoft, Anders, 2012. "A bioeconomic model of trophy hunting," Ecological Economics, Elsevier, vol. 73(C), pages 194-205.
- repec:cup:jagaec:v:33:y:2001:i:03:p:403-411_02 is not listed on IDEAS
- Tahvonen, Olli, 2009. "Economics of harvesting age-structured fish populations," Journal of Environmental Economics and Management, Elsevier, vol. 58(3), pages 281-299, November.
- Dale Squires & Niels Vestergaard, 2013. "Technical Change and The Commons," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1769-1787, December. Full references (including those not matched with items on IDEAS)
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