Availability of Non-Market Values to Inform Decision-Making in Australian Fisheries and Aquaculture: An Audit and Gap Analysis

Louisa Coglan, Sean Pascoe and Gabriela Scheufele
Additional contact information
Gabriela Scheufele: CSIRO Oceans and Atmosphere, St Lucia, QLD 4067, Australia

Sustainability, 2021, vol. 13, issue 2, 1-18

Abstract: Fisheries and aquaculture management can have impacts on economic, social and environmental outcomes. Assessing alternative management options requires an understanding of the different trade-offs between these outcomes. Cost–benefit analysis provides a framework in which these trade-offs can be assessed, but requires all costs and benefits to be enumerated in monetary terms. However, some impacts associated with fisheries and aquaculture, particularly environmental, have no explicit monetary value, so they require non-market values to be derived. In this study, we identify and prioritize, through a stakeholder workshop, non-market values that are of the most relevance to Australian fisheries and aquaculture managers. We assess the potential of existing studies to provide appropriate values for use by managers through a detailed review of available studies. We found a deficiency in the number of recent studies across all priority areas. Non-market valuation of recreational fishing has attracted the most attention previously in Australia, but studies in the last five years were found in only half of the states. Other priority non-market values have been estimated in only one or two states, and most have no estimates within the last five years. The results of the study highlight the need for further research in this area.

Keywords: non-market values; fisheries management; aquaculture management (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/2/920/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/2/920/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:2:p:920-:d:482225

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().