Bioeconomics of a Marine Disease

Jon M. Conrad and Daniel Rondeau

Marine Resource Economics, 2015, vol. 30, issue 4, 393 - 416

Abstract: We study the adaptive harvest of healthy stocks of shellfish that are faced with the risk of high natural mortality from a disease that is spreading along a coastline. This was the situation when Abalone Viral Ganglioneuritis (AVG) spread along the coast of Victoria, Australia in 2006. Abalone mortality on some reefs was thought to have been as high as 90%. In the face of an approaching virus, how should stocks at different reefs be managed? A stochastic, spatial bioeconomic model allows us to examine how optimal preemptive stock reductions are influenced by: (1) the probability of spread, (2) the mortality induced by AVG when it reaches a previously uninfected reef, (3) the form of the harvest cost function, and (4) a regime shift to lower biological productivity, post-AVG.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://dx.doi.org/10.1086/681546 (application/pdf)
http://dx.doi.org/10.1086/681546 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Bioeconomics of a Marine Disease (2014)
Working Paper: Bioeconomics of a Marine Disease (2014)
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:ucp:mresec:doi:10.1086/681546

Access Statistics for this article

More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().