Playing Chicken with Salmon
Wild Atlantic salmon are traditionally harvested from both the sea and spawning rivers during spawning runs. From an economic point of view, the return from sport fishing in rivers is several times higher than marine ‘for meat only’ harvests. This situation calls for a side payment regime where rive...
Main Author: | |
---|---|
Format: | Report |
Language: | unknown |
Subjects: | |
Online Access: | http://www.svt.ntnu.no/iso/WP/2006/10Playing_chicken.pdf |
id |
ftrepec:oai:RePEc:nst:samfok:7406 |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:nst:samfok:7406 2024-04-14T08:09:06+00:00 Playing Chicken with Salmon Jon Olaf Olaussen http://www.svt.ntnu.no/iso/WP/2006/10Playing_chicken.pdf unknown http://www.svt.ntnu.no/iso/WP/2006/10Playing_chicken.pdf preprint ftrepec 2024-03-19T10:35:24Z Wild Atlantic salmon are traditionally harvested from both the sea and spawning rivers during spawning runs. From an economic point of view, the return from sport fishing in rivers is several times higher than marine ‘for meat only’ harvests. This situation calls for a side payment regime where river owners pay marine fishermen not to fish, and where both parties gain. This paper argues that the reason why such side payment regimes are rarely seen, despite the obvious mutual gain, is due to the potential free-riding incentives among river owners. Although it is shown that the decision each river owner faces can be described as a game of chicken, taking the stochastic ecology into account may reveal a different pay-off structure. It is also demonstrated that the stochastic ecology of salmon, combined with price rigidities in the rivers, may explain the lack of side payment regimes. Atlantic salmon; game of chicken; recreational versus commercial fishing; side payment; stochastic ecology Report Atlantic salmon RePEc (Research Papers in Economics) |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
Wild Atlantic salmon are traditionally harvested from both the sea and spawning rivers during spawning runs. From an economic point of view, the return from sport fishing in rivers is several times higher than marine ‘for meat only’ harvests. This situation calls for a side payment regime where river owners pay marine fishermen not to fish, and where both parties gain. This paper argues that the reason why such side payment regimes are rarely seen, despite the obvious mutual gain, is due to the potential free-riding incentives among river owners. Although it is shown that the decision each river owner faces can be described as a game of chicken, taking the stochastic ecology into account may reveal a different pay-off structure. It is also demonstrated that the stochastic ecology of salmon, combined with price rigidities in the rivers, may explain the lack of side payment regimes. Atlantic salmon; game of chicken; recreational versus commercial fishing; side payment; stochastic ecology |
format |
Report |
author |
Jon Olaf Olaussen |
spellingShingle |
Jon Olaf Olaussen Playing Chicken with Salmon |
author_facet |
Jon Olaf Olaussen |
author_sort |
Jon Olaf Olaussen |
title |
Playing Chicken with Salmon |
title_short |
Playing Chicken with Salmon |
title_full |
Playing Chicken with Salmon |
title_fullStr |
Playing Chicken with Salmon |
title_full_unstemmed |
Playing Chicken with Salmon |
title_sort |
playing chicken with salmon |
url |
http://www.svt.ntnu.no/iso/WP/2006/10Playing_chicken.pdf |
genre |
Atlantic salmon |
genre_facet |
Atlantic salmon |
op_relation |
http://www.svt.ntnu.no/iso/WP/2006/10Playing_chicken.pdf |
_version_ |
1796306567752056832 |