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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Online Access: | http://hdl.handle.net/1956/9727 https://doi.org/10.1016/j.marpol.2012.10.020 |
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ftunivbergen:oai:bora.uib.no:1956/9727 2023-05-15T14:30:24+02:00 A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery Eikeset, Anne Marie Richter, Andries Peter Dankel, Dorothy Jane Dunlop, Erin Heino, Mikko Petteri Dieckmann, Ulf Stenseth, Nils Christian 2015-04-07T12:59:09Z application/pdf http://hdl.handle.net/1956/9727 https://doi.org/10.1016/j.marpol.2012.10.020 eng eng Elsevier urn:issn:0308-597X http://hdl.handle.net/1956/9727 https://doi.org/10.1016/j.marpol.2012.10.020 cristin:1012152 Attribution-NonCommercial-NoDerivs CC BY-NC-ND http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright 2012 Elsevier Ltd. Marine Policy 39 172-181 Fisheries Spawning stock biomass Profit Harvest control rule Optimal management Feedback control Peer reviewed Journal article 2015 ftunivbergen https://doi.org/10.1016/j.marpol.2012.10.020 2023-03-14T17:43:32Z 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. publishedVersion Article in Journal/Newspaper Arctic cod Arctic Northeast Arctic cod University of Bergen: Bergen Open Research Archive (BORA-UiB) Arctic Marine Policy 39 172 181 |
institution |
Open Polar |
collection |
University of Bergen: Bergen Open Research Archive (BORA-UiB) |
op_collection_id |
ftunivbergen |
language |
English |
topic |
Fisheries Spawning stock biomass Profit Harvest control rule Optimal management Feedback control |
spellingShingle |
Fisheries Spawning stock biomass Profit Harvest control rule Optimal management Feedback control Eikeset, Anne Marie Richter, Andries Peter Dankel, Dorothy Jane Dunlop, Erin Heino, Mikko Petteri Dieckmann, Ulf Stenseth, Nils Christian A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
topic_facet |
Fisheries Spawning stock biomass Profit Harvest control rule Optimal management Feedback control |
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. publishedVersion |
format |
Article in Journal/Newspaper |
author |
Eikeset, Anne Marie Richter, Andries Peter Dankel, Dorothy Jane Dunlop, Erin Heino, Mikko Petteri Dieckmann, Ulf Stenseth, Nils Christian |
author_facet |
Eikeset, Anne Marie Richter, Andries Peter Dankel, Dorothy Jane Dunlop, Erin Heino, Mikko Petteri Dieckmann, Ulf Stenseth, Nils Christian |
author_sort |
Eikeset, Anne Marie |
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 |
2015 |
url |
http://hdl.handle.net/1956/9727 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_source |
Marine Policy 39 172-181 |
op_relation |
urn:issn:0308-597X http://hdl.handle.net/1956/9727 https://doi.org/10.1016/j.marpol.2012.10.020 cristin:1012152 |
op_rights |
Attribution-NonCommercial-NoDerivs CC BY-NC-ND http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright 2012 Elsevier Ltd. |
op_doi |
https://doi.org/10.1016/j.marpol.2012.10.020 |
container_title |
Marine Policy |
container_volume |
39 |
container_start_page |
172 |
op_container_end_page |
181 |
_version_ |
1766304246908583936 |