Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic
Optimal management of herring, mackerel, and blue whiting in the North East Atlantic is analyzed. The main motivation is to quantify the potential gain from implementing multispecies management compared to traditional single-species management. The objective is to maximize discounted net revenue; in...
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MRE Foundation, Inc.
2016
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Online Access: | https://doi.org/10.1086/685383 |
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ftbioone:10.1086/685383 2024-06-02T08:11:47+00:00 Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic Nils-Arne Ekerhovd Nils-Arne Ekerhovd world 2016-01-22 text/HTML https://doi.org/10.1086/685383 en eng MRE Foundation, Inc. doi:10.1086/685383 All rights reserved. https://doi.org/10.1086/685383 Text 2016 ftbioone https://doi.org/10.1086/685383 2024-05-07T00:51:43Z Optimal management of herring, mackerel, and blue whiting in the North East Atlantic is analyzed. The main motivation is to quantify the potential gain from implementing multispecies management compared to traditional single-species management. The objective is to maximize discounted net revenue; in other words a sole-owner perspective. The results are derived from an empirically based surplus growth type of model with three species. The biological interaction in the model is mainly competition for food. One result is that discounted net revenue could have been around 25% higher if the stocks had been optimally managed from a multi-species perspective.JEL Codes: Q22, Q34, Q57. Text North East Atlantic Northeast Atlantic BioOne Online Journals Marine Resource Economics 31 2 193 210 |
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Open Polar |
collection |
BioOne Online Journals |
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ftbioone |
language |
English |
description |
Optimal management of herring, mackerel, and blue whiting in the North East Atlantic is analyzed. The main motivation is to quantify the potential gain from implementing multispecies management compared to traditional single-species management. The objective is to maximize discounted net revenue; in other words a sole-owner perspective. The results are derived from an empirically based surplus growth type of model with three species. The biological interaction in the model is mainly competition for food. One result is that discounted net revenue could have been around 25% higher if the stocks had been optimally managed from a multi-species perspective.JEL Codes: Q22, Q34, Q57. |
author2 |
Nils-Arne Ekerhovd |
format |
Text |
author |
Nils-Arne Ekerhovd |
spellingShingle |
Nils-Arne Ekerhovd Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
author_facet |
Nils-Arne Ekerhovd |
author_sort |
Nils-Arne Ekerhovd |
title |
Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
title_short |
Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
title_full |
Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
title_fullStr |
Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
title_full_unstemmed |
Economic Benefits of Multi-Species Management: The Pelagic Fisheries in the Northeast Atlantic |
title_sort |
economic benefits of multi-species management: the pelagic fisheries in the northeast atlantic |
publisher |
MRE Foundation, Inc. |
publishDate |
2016 |
url |
https://doi.org/10.1086/685383 |
op_coverage |
world |
genre |
North East Atlantic Northeast Atlantic |
genre_facet |
North East Atlantic Northeast Atlantic |
op_source |
https://doi.org/10.1086/685383 |
op_relation |
doi:10.1086/685383 |
op_rights |
All rights reserved. |
op_doi |
https://doi.org/10.1086/685383 |
container_title |
Marine Resource Economics |
container_volume |
31 |
container_issue |
2 |
container_start_page |
193 |
op_container_end_page |
210 |
_version_ |
1800758035010813952 |