Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century
This paper uses bio-economic modeling and simulation to investigate the demise of the sperm whale industry in the mid-19th century. Petroleum is widely credited both contemporaneously and today with ‘saving the whales.’ We investigate the transition in illumination technologies from whale oil to pet...
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University of Southern Denmark, Department of Environmental and Business Economics
2013
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ftsydanskunivpub:oai:sdu.dk:publications/09ce1885-9118-47d5-bde3-e30b7a95a6f5 2024-05-19T07:38:02+00:00 Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century Kaiser, Brooks 2013-04-01 https://portal.findresearcher.sdu.dk/da/publications/09ce1885-9118-47d5-bde3-e30b7a95a6f5 http://static.sdu.dk/mediafiles//9/F/A/%7B9FA40978-D0FD-48D1-B60D-5F082BE26715%7Dkaiser116.pdf eng eng University of Southern Denmark, Department of Environmental and Business Economics https://portal.findresearcher.sdu.dk/da/publications/09ce1885-9118-47d5-bde3-e30b7a95a6f5 urn:ISBN:ISSN 1399-3224 info:eu-repo/semantics/restrictedAccess Kaiser , B 2013 ' Bioeconomic factors of natural resource transitions : The U.S. sperm whale fishery of the 19th Century ' University of Southern Denmark, Department of Environmental and Business Economics , Esbjerg, DK . < http://static.sdu.dk/mediafiles//9/F/A/%7B9FA40978-D0FD-48D1-B60D-5F082BE26715%7Dkaiser116.pdf > sperm whale fishery American Economic History Bioeconomic resource models Economic History of Illumination Natural Resource Transitions workingPaper 2013 ftsydanskunivpub 2024-05-01T00:16:00Z This paper uses bio-economic modeling and simulation to investigate the demise of the sperm whale industry in the mid-19th century. Petroleum is widely credited both contemporaneously and today with ‘saving the whales.’ We investigate the transition in illumination technologies from whale oil to petroleum as a stochastic dynamic process in which there is uncertainty over the parameters of the fishery and the timing of available substitutes for sperm oil in order to determine the effect on the whale population. Using new biological analysis of the sperm whale fishery (Whitehead, 2002) and insights from natural resource economics we show that under most economic conditions the dynamics, even without a substitute, would have prevented extinction; this result is notably different, for economic and biological reasons, than that usually determined for the better studied baleen whales. This research builds on a long history of understanding the whale fisheries, particularly Davis et al. (1988) and related work, integrating new scientific and economic evidence. Report baleen whales Sperm whale University of Southern Denmark Research Portal |
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Open Polar |
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University of Southern Denmark Research Portal |
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ftsydanskunivpub |
language |
English |
topic |
sperm whale fishery American Economic History Bioeconomic resource models Economic History of Illumination Natural Resource Transitions |
spellingShingle |
sperm whale fishery American Economic History Bioeconomic resource models Economic History of Illumination Natural Resource Transitions Kaiser, Brooks Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
topic_facet |
sperm whale fishery American Economic History Bioeconomic resource models Economic History of Illumination Natural Resource Transitions |
description |
This paper uses bio-economic modeling and simulation to investigate the demise of the sperm whale industry in the mid-19th century. Petroleum is widely credited both contemporaneously and today with ‘saving the whales.’ We investigate the transition in illumination technologies from whale oil to petroleum as a stochastic dynamic process in which there is uncertainty over the parameters of the fishery and the timing of available substitutes for sperm oil in order to determine the effect on the whale population. Using new biological analysis of the sperm whale fishery (Whitehead, 2002) and insights from natural resource economics we show that under most economic conditions the dynamics, even without a substitute, would have prevented extinction; this result is notably different, for economic and biological reasons, than that usually determined for the better studied baleen whales. This research builds on a long history of understanding the whale fisheries, particularly Davis et al. (1988) and related work, integrating new scientific and economic evidence. |
format |
Report |
author |
Kaiser, Brooks |
author_facet |
Kaiser, Brooks |
author_sort |
Kaiser, Brooks |
title |
Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
title_short |
Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
title_full |
Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
title_fullStr |
Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
title_full_unstemmed |
Bioeconomic factors of natural resource transitions:The U.S. sperm whale fishery of the 19th Century |
title_sort |
bioeconomic factors of natural resource transitions:the u.s. sperm whale fishery of the 19th century |
publisher |
University of Southern Denmark, Department of Environmental and Business Economics |
publishDate |
2013 |
url |
https://portal.findresearcher.sdu.dk/da/publications/09ce1885-9118-47d5-bde3-e30b7a95a6f5 http://static.sdu.dk/mediafiles//9/F/A/%7B9FA40978-D0FD-48D1-B60D-5F082BE26715%7Dkaiser116.pdf |
genre |
baleen whales Sperm whale |
genre_facet |
baleen whales Sperm whale |
op_source |
Kaiser , B 2013 ' Bioeconomic factors of natural resource transitions : The U.S. sperm whale fishery of the 19th Century ' University of Southern Denmark, Department of Environmental and Business Economics , Esbjerg, DK . < http://static.sdu.dk/mediafiles//9/F/A/%7B9FA40978-D0FD-48D1-B60D-5F082BE26715%7Dkaiser116.pdf > |
op_relation |
https://portal.findresearcher.sdu.dk/da/publications/09ce1885-9118-47d5-bde3-e30b7a95a6f5 urn:ISBN:ISSN 1399-3224 |
op_rights |
info:eu-repo/semantics/restrictedAccess |
_version_ |
1799477421568688128 |