Bioeconomic Analysis of Aquaculture's Impact on Wild Stocks and Biodiversity

Clement Tisdell

No 48739, Economics, Ecology and Environment Working Papers from University of Queensland, School of Economics

Abstract: Anderson theorizes that development of the aquaculture of a species of fish (also captured in an open-access fishery) favours the conservation of its wild stocks, if competitive market conditions prevail. However, this theory is shown to be subject to significant limitations. While this is less so within his model, it is particularly so in an extended one outlined here. The extended model allows for the possibility that aquaculture development can impact negatively on wild stocks thereby shifting the supply curve of the capture fishery, or raise the demand for the fish species subject both to aquaculture and capture. Such development can threaten wild stocks and their biodiversity. While aquaculture development could in principle have no impact on the biodiversity of wild stocks or even raise aquatic biodiversity overall, its impact in the long-term probably will be one of reducing aquatic diversity both in the wild and overall.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 14
Date: 2002-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqseee:48739

DOI: 10.22004/ag.econ.48739

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