Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab
The coronavirus will have serious consequences for the fishing industry. The purpose here is to simulate price and revenue outcomes for Canadian lobster and snow crab markets under alternative policy shocks due to the coronavirus. Predictions are based on three policy scenarios representing upper an...
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ftpubmed:oai:pubmedcentral.nih.gov:8522118 2023-05-15T17:22:15+02:00 Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab Gordon, Daniel V. 2021-08 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8522118/ https://doi.org/10.1016/j.marpol.2021.104556 en eng Elsevier Ltd. http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8522118/ http://dx.doi.org/10.1016/j.marpol.2021.104556 © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. Mar Policy Full Length Article Text 2021 ftpubmed https://doi.org/10.1016/j.marpol.2021.104556 2021-10-24T00:39:54Z The coronavirus will have serious consequences for the fishing industry. The purpose here is to simulate price and revenue outcomes for Canadian lobster and snow crab markets under alternative policy shocks due to the coronavirus. Predictions are based on three policy scenarios representing upper and lower bounds on the range of possible landings and economic outcomes for the period 2019–2021. Based on past research, demand equations for both the lobster and snow crab markets are used to empirically simulate price projections. The results for snow crab are startling with predicted serious declines in price and generated revenue, particularly for Québec and Newfoundland and Labrador (NL). Compared to 2018, projections suggest a decline in average revenue for 2021 of − 18% Gulf, − 32% Maritimes, − 53% Québec, and − 57% NL. The outcome for lobster is not as bleak, projections showing a 21% decline in revenue for 2020 but with recovery in 2021. Text Newfoundland Snow crab PubMed Central (PMC) Newfoundland Marine Policy 130 104556 |
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Full Length Article |
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Full Length Article Gordon, Daniel V. Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
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Full Length Article |
description |
The coronavirus will have serious consequences for the fishing industry. The purpose here is to simulate price and revenue outcomes for Canadian lobster and snow crab markets under alternative policy shocks due to the coronavirus. Predictions are based on three policy scenarios representing upper and lower bounds on the range of possible landings and economic outcomes for the period 2019–2021. Based on past research, demand equations for both the lobster and snow crab markets are used to empirically simulate price projections. The results for snow crab are startling with predicted serious declines in price and generated revenue, particularly for Québec and Newfoundland and Labrador (NL). Compared to 2018, projections suggest a decline in average revenue for 2021 of − 18% Gulf, − 32% Maritimes, − 53% Québec, and − 57% NL. The outcome for lobster is not as bleak, projections showing a 21% decline in revenue for 2020 but with recovery in 2021. |
format |
Text |
author |
Gordon, Daniel V. |
author_facet |
Gordon, Daniel V. |
author_sort |
Gordon, Daniel V. |
title |
Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
title_short |
Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
title_full |
Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
title_fullStr |
Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
title_full_unstemmed |
Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab |
title_sort |
price and revenue projections under alternative policy shocks due to the coronavirus: canadian lobster and snow crab |
publisher |
Elsevier Ltd. |
publishDate |
2021 |
url |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8522118/ https://doi.org/10.1016/j.marpol.2021.104556 |
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Newfoundland |
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Newfoundland |
genre |
Newfoundland Snow crab |
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Newfoundland Snow crab |
op_source |
Mar Policy |
op_relation |
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8522118/ http://dx.doi.org/10.1016/j.marpol.2021.104556 |
op_rights |
© 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
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https://doi.org/10.1016/j.marpol.2021.104556 |
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Marine Policy |
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130 |
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104556 |
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