Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea
The paper puts forward a model of the Atlantic salmon fishery in the Baltic Sea that integrates the salient biological and economic characteristics of migratory fish stocks. Designed to be compatible with the framework used for actual stock assessments, the model accounts for agestructured populatio...
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ftrepec:oai:RePEc:ags:mttfdp:11857 2024-04-14T08:09:06+00:00 Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea Kulmala, Soile Laukkanen, Marita Michielsens, Catherine https://ageconsearch.umn.edu/record/11857/files/dp060001.pdf unknown https://ageconsearch.umn.edu/record/11857/files/dp060001.pdf preprint ftrepec 2024-03-19T10:38:35Z The paper puts forward a model of the Atlantic salmon fishery in the Baltic Sea that integrates the salient biological and economic characteristics of migratory fish stocks. Designed to be compatible with the framework used for actual stock assessments, the model accounts for agestructured population dynamics, the seasonal harvest and competing harvesting by commercial and recreational fishermen. It is calibrated using data and parameter estimates for the Simojoki River stock. The socially optimal policy for maximizing discounted net benefits from the fishery within an uncertain environment is determined using a dynamic programming approach and numerical solution method. Our results indicate that substantial economic benefits could be realized under optimal management without compromising stock sustainability. Resource /Energy Economics and Policy Report Atlantic salmon RePEc (Research Papers in Economics) Simojoki ENVELOPE(25.050,25.050,65.617,65.617) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
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unknown |
description |
The paper puts forward a model of the Atlantic salmon fishery in the Baltic Sea that integrates the salient biological and economic characteristics of migratory fish stocks. Designed to be compatible with the framework used for actual stock assessments, the model accounts for agestructured population dynamics, the seasonal harvest and competing harvesting by commercial and recreational fishermen. It is calibrated using data and parameter estimates for the Simojoki River stock. The socially optimal policy for maximizing discounted net benefits from the fishery within an uncertain environment is determined using a dynamic programming approach and numerical solution method. Our results indicate that substantial economic benefits could be realized under optimal management without compromising stock sustainability. Resource /Energy Economics and Policy |
format |
Report |
author |
Kulmala, Soile Laukkanen, Marita Michielsens, Catherine |
spellingShingle |
Kulmala, Soile Laukkanen, Marita Michielsens, Catherine Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
author_facet |
Kulmala, Soile Laukkanen, Marita Michielsens, Catherine |
author_sort |
Kulmala, Soile |
title |
Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
title_short |
Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
title_full |
Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
title_fullStr |
Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
title_full_unstemmed |
Reconciling Economic and Biological Modeling of Migratory Fish Stocks:Optimal Management of the Atlantic Salmon Fishery in the Baltic Sea |
title_sort |
reconciling economic and biological modeling of migratory fish stocks:optimal management of the atlantic salmon fishery in the baltic sea |
url |
https://ageconsearch.umn.edu/record/11857/files/dp060001.pdf |
long_lat |
ENVELOPE(25.050,25.050,65.617,65.617) |
geographic |
Simojoki |
geographic_facet |
Simojoki |
genre |
Atlantic salmon |
genre_facet |
Atlantic salmon |
op_relation |
https://ageconsearch.umn.edu/record/11857/files/dp060001.pdf |
_version_ |
1796306552742739968 |