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Sushi or fish fingers? Seafood diversity, collapsing fish stocks, and multi-species fishery management

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  • Quaas, Martin F.
  • Requate, Till

Abstract

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.

Suggested Citation

  • Quaas, Martin F. & Requate, Till, 2012. "Sushi or fish fingers? Seafood diversity, collapsing fish stocks, and multi-species fishery management," Economics Working Papers 2012-03, Christian-Albrechts-University of Kiel, Department of Economics.
    • Handle: RePEc:zbw:cauewp:201203
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    References listed on IDEAS

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    Cited by:

    1. Richter, Andries & Dakos, Vasilis, 2015. "Profit fluctuations signal eroding resilience of natural resources," Ecological Economics, Elsevier, vol. 117(C), pages 12-21.
    2. Esther Regnier & Katheline Schubert, 2013. "Consumer preferences, aquaculture technology and the sustainability of fisheries," Documents de travail du Centre d'Economie de la Sorbonne 13002, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    3. N. Quérou & A. Tomini, 2018. "Marine Ecosystem Considerations and Second-Best Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(2), pages 381-401, June.
    4. Blanca González-Mon & Emilie Lindkvist & Örjan Bodin & José Alberto Zepeda-Domínguez & Maja Schlüter, 2021. "Fish provision in a changing environment: The buffering effect of regional trade networks," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-26, December.
    5. Elsler, Laura G. & Drohan, Sarah E. & Schlüter, Maja & Watson, James R. & Levin, Simon A., 2019. "Local, Global, Multi-Level: Market Structure and Multi-Species Fishery Dynamics," Ecological Economics, Elsevier, vol. 156(C), pages 185-195.
    6. Esther Regnier & Katheline Schubert, 2013. "Is aquaculture really an option?," Post-Print halshs-00786112, HAL.
    7. Erhardt, Tobias & Weder, Rolf, 2020. "Shark hunting: On the vulnerability of resources with heterogeneous species," Resource and Energy Economics, Elsevier, vol. 61(C).
    8. Christine Bertram & Martin F. Quaas, 2017. "Biodiversity and Optimal Multi-species Ecosystem Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(2), pages 321-350, June.
    9. Yasuhiro Takarada & Weijia Dong & Takeshi Ogawa, 2020. "Shared renewable resources and gains from trade under technology standards," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 546-568, May.
    10. L. Doyen & A. A. Cissé & N. Sanz & F. Blanchard & J.-C. Pereau, 2018. "The Tragedy of Open Ecosystems," Dynamic Games and Applications, Springer, vol. 8(1), pages 117-140, March.
    11. Lancker, Kira & Bronmann, Julia, 2020. "Quantifying consumers’ love for marine biodiversity," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304214, Agricultural and Applied Economics Association.
    12. repec:mse:cesdoc:13002r is not listed on IDEAS
    13. Quaas, Martin F. & Stöven, Max T., 2014. "New trade in renewable resources and consumer preferences for diversity," Economics Working Papers 2014-08, Christian-Albrechts-University of Kiel, Department of Economics.
    14. Stein Ivar Steinshamn, 2017. "Predators in the market: implications of market interaction on optimal resource management," Journal of Bioeconomics, Springer, vol. 19(3), pages 327-341, October.
    15. Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutierrez, Maria Jose & Touze, Julia, 2016. "A note on CES Preferences in Age-Structured Models," MPRA Paper 75298, University Library of Munich, Germany.
    16. Vasquez Caballero, Smit & Salgueiro-Otero, Diego & Ojea, Elena, 2023. "The Role of Catch Portfolios in Characterizing Species' Economic Linkages and Fishers' Responses to Climate Change Impacts," Ecological Economics, Elsevier, vol. 205(C).
    17. Cissé, A.A. & Doyen, L. & Blanchard, F. & Béné, C. & Péreau, J.-C., 2015. "Ecoviability for small-scale fisheries in the context of food security constraints," Ecological Economics, Elsevier, vol. 119(C), pages 39-52.
    18. Martin Quaas & Anders Skonhoft, 2022. "Welfare Effects of Changing Technological Efficency in Regulated Open-Access Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 869-888, August.
    19. Kira Lancker & Julia Bronnmann, 2022. "Substitution Preferences for Fish in Senegal," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 1015-1045, August.
    20. Vårdal, Erling & Asche, Frank & Straume, Hans-Martin, 2017. "Perish or prosper: Trade patterns for highly perishable products," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261278, European Association of Agricultural Economists.
    21. Nicolas Querou & Agnès Tomini, 2014. "Ecosystem considerations in a second-best world," Post-Print hal-01123390, HAL.
    22. Da Rocha, José María & García-Cutrín, Javier & Gutiérrez Huerta, María José & Touza, Julia, 2015. "Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    23. CISSE Abdoul & SANZ Nicolas & BLANCHARD Fabien & DOYEN Luc & PEREAU Jean-Christophe, 2015. "The tragedy of ecosystems in open-access," Cahiers du GREThA (2007-2019) 2015-02, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    24. Gars, Johan & Spiro, Daniel, 2014. "Uninsurance through Trade," Memorandum 13/2014, Oslo University, Department of Economics.

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    More about this item

    Keywords

    marine biodiversity; fishery economics; product differentiation;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices

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