Use and non-use values in an applied bioeconomic model of fisheries and habitat connections

Claire W. Armstrong (), Viktoria Kahui, Godwin Kofi Vondolia, Margrethe Aanesen and Mikolaj Czajkowski
Additional contact information
Claire W. Armstrong: University of Tromsø; The Arctic University of Norway
Viktoria Kahui: University of Otago
Margrethe Aanesen: University of Tromsø; The Arctic University of Norway

No 2015-37, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: In addition to indirect support to fisheries, marine habitats also provide non-use benefits that are overlooked in most existing bioeconomic models. Our paper expands a dynamic bioeconomic fisheries model in which the presence of natural habitats not only reduces the cost of fishing, via aggregation effects, but also supplies non-use benefits. The theoretical model is illustrated with the analysis of cold water corals in Norway where two fishing methods are considered – destructive bottom trawl and non-destructive coastal gear. Non-use values of cold water corals in Norway are estimated using a discrete choice experiment. Both the theoretical model and its empirical applications show how non-use values impact upon the optimal fishing practices.

Keywords: renewable; non-renewable; habitat; fishery; bioeconomic; use and non-use value (search for similar items in EconPapers)
JEL-codes: Q22 Q32 Q51 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2015
New Economics Papers: this item is included in nep-agr, nep-dcm and nep-env
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http://www.wne.uw.edu.pl/index.php/download_file/2116/ First version, 2015 (application/pdf)

Related works:
Journal Article: Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2015-37

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