Management of Complex Fisheries: Lessons Learned from a Simulation Model. (22nd May 2013)
- Record Type:
- Journal Article
- Title:
- Management of Complex Fisheries: Lessons Learned from a Simulation Model. (22nd May 2013)
- Main Title:
- Management of Complex Fisheries: Lessons Learned from a Simulation Model
- Authors:
- Frost, Hans
Andersen, Peder
Hoff, Ayoe - Abstract:
- <abstract abstract-type="main" xml:lang="en"> <title> <x xml:space="preserve">Abstract</x> </title> <p>The purpose of this paper is to demonstrate how fisheries economics management issues or problems can be analyzed by using a complex model based on conventional bioeconomic theory. Complex simulation models contain a number of details that make them suitable for practical management advice, including taking into account the response of the fishermen to implemented management measures. To demonstrate the use of complex management models this paper assesses a number of second best management schemes against a first rank optimum (FRO), an ideal individual transferable quotas (ITQ) system. This is defined as the management scheme which produces the highest net present value over a 25 year period. The assessed management schemes (scenarios) are composed by several measures as used in the Common Fisheries Policy of the European Union for the cod fishery in the Baltic Sea. The scenarios are total allowable catches in combination with entry restrictions, and maximum number of days at sea in combination with entry restrictions. These two scenarios are assessed under assumptions of no cooperative behavior and cooperative behavior, and compliance and noncompliance with various management restrictions. Apart from showing the magnitude of the resource rent, the impact on fleet structure and the adjustment paths is shown. The result is that the resource rent gained from these second best<abstract abstract-type="main" xml:lang="en"> <title> <x xml:space="preserve">Abstract</x> </title> <p>The purpose of this paper is to demonstrate how fisheries economics management issues or problems can be analyzed by using a complex model based on conventional bioeconomic theory. Complex simulation models contain a number of details that make them suitable for practical management advice, including taking into account the response of the fishermen to implemented management measures. To demonstrate the use of complex management models this paper assesses a number of second best management schemes against a first rank optimum (FRO), an ideal individual transferable quotas (ITQ) system. This is defined as the management scheme which produces the highest net present value over a 25 year period. The assessed management schemes (scenarios) are composed by several measures as used in the Common Fisheries Policy of the European Union for the cod fishery in the Baltic Sea. The scenarios are total allowable catches in combination with entry restrictions, and maximum number of days at sea in combination with entry restrictions. These two scenarios are assessed under assumptions of no cooperative behavior and cooperative behavior, and compliance and noncompliance with various management restrictions. Apart from showing the magnitude of the resource rent, the impact on fleet structure and the adjustment paths is shown. The result is that the resource rent gained from these second best management schemes is lower than FRO, the ideal ITQ system, but may in practice not be so different.</p> </abstract> … (more)
- Is Part Of:
- Canadian journal of agricultural economics. Volume 61:Number 2(2013:Jun.)
- Journal:
- Canadian journal of agricultural economics
- Issue:
- Volume 61:Number 2(2013:Jun.)
- Issue Display:
- Volume 61, Issue 2 (2013)
- Year:
- 2013
- Volume:
- 61
- Issue:
- 2
- Issue Sort Value:
- 2013-0061-0002-0000
- Page Start:
- 283
- Page End:
- 307
- Publication Date:
- 2013-05-22
- Subjects:
- Agriculture -- Economic aspects -- Canada -- Periodicals
Agriculture -- Economic aspects -- Periodicals
338.1097105 - Journal URLs:
- http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1744-7976 ↗
http://www.blackwell-synergy.com/loi/cjag ↗
http://www.blackwellpublishing.com/journal.asp?ref=0008-3976&site=1 ↗
http://newfirstsearch.oclc.org/dbname=WilsonSelectPlus;FSIP ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/cjag.12014 ↗
- Languages:
- English
- ISSNs:
- 0008-3976
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3027.950000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 3620.xml