A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery
Harvest control rules (HCRs) have been implemented for many fisheries worldwide. However, in most instances, those HCRs are not based on the explicit feedbacks between stock properties and economic considerations. This paper develops a bio-economic model that evaluates the HCR adopted in 2004 by the...
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ftpubmed:oai:pubmedcentral.nih.gov:4599642 2023-05-15T14:30:24+02:00 A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery Eikeset, Anne Maria Richter, Andries P. Dankel, Dorothy J. Dunlop, Erin S. Heino, Mikko Dieckmann, Ulf Stenseth, Nils Chr. 2013-05 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4599642/ https://doi.org/10.1016/j.marpol.2012.10.020 en eng Elsevier http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4599642/ http://dx.doi.org/10.1016/j.marpol.2012.10.020 © 2013 Elsevier Ltd. This document may be redistributed and reused, subject to certain conditions (http://www.elsevier.com/wps/find/authorsview.authors/supplementalterms1.0) . Article Text 2013 ftpubmed https://doi.org/10.1016/j.marpol.2012.10.020 2015-11-01T01:13:03Z Harvest control rules (HCRs) have been implemented for many fisheries worldwide. However, in most instances, those HCRs are not based on the explicit feedbacks between stock properties and economic considerations. This paper develops a bio-economic model that evaluates the HCR adopted in 2004 by the Joint Norwegian–Russian Fishery Commission to manage the world's largest cod stock, Northeast Arctic cod (NEA). The model considered here is biologically and economically detailed, and is the first to compare the performance of the stock's current HCR with that of alternative HCRs derived with optimality criteria. In particular, HCRs are optimized for economic objectives including fleet profits, economic welfare, and total yield and the emerging properties are analyzed. The performance of these optimal HCRs was compared with the currently used HCR. This paper show that the current HCR does in fact comes very close to maximizing profits. Furthermore, the results reveal that the HCR that maximizes profits is the most precautionary one among the considered HCRs. Finally, the HCR that maximizes yield leads to un-precautionary low levels of biomass. In these ways, the implementation of the HCR for NEA cod can be viewed as a success story that may provide valuable lessons for other fisheries. Text Arctic cod Arctic Northeast Arctic cod PubMed Central (PMC) Arctic Marine Policy 39 172 181 |
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Article Eikeset, Anne Maria Richter, Andries P. Dankel, Dorothy J. Dunlop, Erin S. Heino, Mikko Dieckmann, Ulf Stenseth, Nils Chr. A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
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description |
Harvest control rules (HCRs) have been implemented for many fisheries worldwide. However, in most instances, those HCRs are not based on the explicit feedbacks between stock properties and economic considerations. This paper develops a bio-economic model that evaluates the HCR adopted in 2004 by the Joint Norwegian–Russian Fishery Commission to manage the world's largest cod stock, Northeast Arctic cod (NEA). The model considered here is biologically and economically detailed, and is the first to compare the performance of the stock's current HCR with that of alternative HCRs derived with optimality criteria. In particular, HCRs are optimized for economic objectives including fleet profits, economic welfare, and total yield and the emerging properties are analyzed. The performance of these optimal HCRs was compared with the currently used HCR. This paper show that the current HCR does in fact comes very close to maximizing profits. Furthermore, the results reveal that the HCR that maximizes profits is the most precautionary one among the considered HCRs. Finally, the HCR that maximizes yield leads to un-precautionary low levels of biomass. In these ways, the implementation of the HCR for NEA cod can be viewed as a success story that may provide valuable lessons for other fisheries. |
format |
Text |
author |
Eikeset, Anne Maria Richter, Andries P. Dankel, Dorothy J. Dunlop, Erin S. Heino, Mikko Dieckmann, Ulf Stenseth, Nils Chr. |
author_facet |
Eikeset, Anne Maria Richter, Andries P. Dankel, Dorothy J. Dunlop, Erin S. Heino, Mikko Dieckmann, Ulf Stenseth, Nils Chr. |
author_sort |
Eikeset, Anne Maria |
title |
A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
title_short |
A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
title_full |
A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
title_fullStr |
A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
title_full_unstemmed |
A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
title_sort |
bio-economic analysis of harvest control rules for the northeast arctic cod fishery |
publisher |
Elsevier |
publishDate |
2013 |
url |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4599642/ https://doi.org/10.1016/j.marpol.2012.10.020 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic cod Arctic Northeast Arctic cod |
genre_facet |
Arctic cod Arctic Northeast Arctic cod |
op_relation |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4599642/ http://dx.doi.org/10.1016/j.marpol.2012.10.020 |
op_rights |
© 2013 Elsevier Ltd. This document may be redistributed and reused, subject to certain conditions (http://www.elsevier.com/wps/find/authorsview.authors/supplementalterms1.0) . |
op_doi |
https://doi.org/10.1016/j.marpol.2012.10.020 |
container_title |
Marine Policy |
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39 |
container_start_page |
172 |
op_container_end_page |
181 |
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1766304245542289408 |