Navigating Deeply Uncertain Tradeoffs in Harvested Predator-Prey Systems

Antonia Hadjimichael, Patrick M. Reed and Julianne D. Quinn

Complexity, 2020, vol. 2020, 1-18

Abstract:

Multiple fisheries have collapsed as a result of overfishing and strong limitations in our knowledge of system conditions and consequential ecological interactions. Fishery managers need to establish harvesting strategies that balance economic benefits against ecological objectives, including avoiding unintended catastrophic consequences. Our results show that classical assumptions for fisheries management can yield severe instabilities in our quantified views of socioecological tradeoffs, making their ability to inform stakeholder preferences questionable. The complex ecological interactions implied by different parameterizations of such systems yield highly complex and nonlinear dynamic properties with multiple distinct basins of attraction. We show that small changes in our deeply uncertain representations of predator-prey systems can fundamentally shift their dynamics and the validity of candidate management strategies for harvest. Insights from this study highlight the importance of ensuring models capture deep uncertainties, as well as a breadth of financial and ecological criteria when searching for robust management options for resilient fisheries.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:4170453

DOI: 10.1155/2020/4170453

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