A Bioeconomic Analysis of the Greenland Shrimp Fishery in the Davis Strait

This paper presents a bioeconomic analysis determining the resource rent and optimum effort of the shrimp (Pandalus borealis) fishery in the Davis Strait, taking into account the discard behaviour of the fleet. It is demonstrated that, from an economic point of view, the shrimp stock in the Davis St...

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Bibliographic Details
Main Authors: Christensen, Steen, Vestergaard, Niels
Format: Article in Journal/Newspaper
Language:English
Published: 1993
Subjects:
Bioeconomics
rent
discard
shrimp
Greenland
Environmental Economics and Policy
Production Economics
Davis Strait
Pandalus borealis
Online Access:http://purl.umn.edu/48869
Description
Summary:This paper presents a bioeconomic analysis determining the resource rent and optimum effort of the shrimp (Pandalus borealis) fishery in the Davis Strait, taking into account the discard behaviour of the fleet. It is demonstrated that, from an economic point of view, the shrimp stock in the Davis Strait is substantially overfished. In order to obtain the maximum economic yield, the effort must be reduced by at least 40% compared to the effort level of 1991. The gain in resource rent by reducing effort is estimated to be at least 20% compared to the resource rent of 1991.

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