The Two-sector Economic Problem Of Persistent Organic Pollution and Baltic Sea Salmon Fisheries

The paper describes the general nature of two-sector environmental and natural resource problems and highlights the issue of two sector models where one sector imposes a one-sided negative externality on the other sector, e.g. the polluting sector causes changes in the economic value of the fishery...

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Bibliographic Details
Main Authors: Hutniczak, Barbara, Kronbak, Lone Grønbæk
Format: Article in Journal/Newspaper
Language:English
Published: 2011
Subjects:
Atlantic salmon fisheries > Economic aspects
Persistent pollutants
Salmon fisheries > Management
Salmon industry > Economic aspects
Atlantic salmon fishing > Economic aspects
Atlantic salmon fisheries
Sustainability
Aquatic sciences
Atlantic salmon
Online Access:https://doi.org/10.7916/D8TQ617J
Description
Summary:The paper describes the general nature of two-sector environmental and natural resource problems and highlights the issue of two sector models where one sector imposes a one-sided negative externality on the other sector, e.g. the polluting sector causes changes in the economic value of the fishery sector. The paper sets up a general social planner model and demonstrates it in simple functional form, using the problem of persistent organic pollution in the Baltic Sea and its effects on the regulation and economic value of the Baltic Salmon. The paper illustrates how a modified golden rule can be used to describe the optimal link between the two sectors.

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