Generating Value in Habitat-Dependent Fisheries: The Importance Of Fishery Management Institutions

Martin Smith ()

No 05-12, Working Papers from Duke University, Department of Economics

Abstract: This paper considers the dynamic producer and consumer benefits from improving habitat that supports a commercial fishery under two different fishery management institutions. By coupling state equations that represent the effects of estuarine eutrophication on fish populations with a multispecies, two-patch spatial bioeconomic model that endogenizes output price through residual demand, the analysis computes welfare changes from a major reduction in nutrient pollution. This, in turn, reduces the incidence of hypoxia (low dissolved oxygen) and enhances prey availability. The North Carolina blue crab fishery serves as the empirical application, and water quality improvements pertain to the Neuse River Estuary and the contiguous Pamlico Sound. The analysis simulates dynamic rent and consumer surplus changes from a 30% decrease in nitrogen loading under both open access (the status quo) and a partially rationalized fishery (constant total effort). Producer benefits from the environmental quality change are higher for the rationalized fishery than for open access but are of the same order of magnitude for some parameter values. Consumer benefits are larger than producer benefits and are comparable across institutions. However, the total benefits from improving environmental quality are small relative to the benefits from rationalizing the fishery and leaving environmental quality the same.

Keywords: ecosystem services; open access; bioeconomics; spatial fishery (search for similar items in EconPapers)
JEL-codes: Q22 Q25 Q51 Q57 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2005
New Economics Papers: this item is included in nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.nicholas.duke.edu/people/faculty/smith/ ... p_fisheries_2005.pdf main text
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.nicholas.duke.edu/people/faculty/smith/m_smith_value_in_habitat_dep_fisheries_2005.pdf [302 Found]--> https://www.nicholas.duke.edu/people/faculty/smith/m_smith_value_in_habitat_dep_fisheries_2005.pdf [301 Moved Permanently]--> https://nicholas.duke.edu//people/faculty/smith/m_smith_value_in_habitat_dep_fisheries_2005.pdf [302 Found]--> https://nicholas.duke.edu/people/faculty/smith/m_smith_value_in_habitat_dep_fisheries_2005.pdf)

Related works:
Journal Article: Generating Value in Habitat-Dependent Fisheries: The Importance of Fishery Management Institutions (2007)
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:duk:dukeec:05-12

Access Statistics for this paper

More papers in Working Papers from Duke University, Department of Economics Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097.
Bibliographic data for series maintained by Department of Economics Webmaster ().