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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ftunivwagenin:oai:library.wur.nl:wurpubs/451989 2024-02-04T09:56:57+01:00 A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery Eikeset, A.M. Richter, A.P. Dankel, D.J. Dunlop, E.S. Heino, M. Dieckmann, U. Stenseth, N.C. 2013 application/pdf https://research.wur.nl/en/publications/a-bio-economic-analysis-of-harvest-control-rules-for-the-northeas https://doi.org/10.1016/j.marpol.2012.10.020 en eng https://edepot.wur.nl/296773 https://research.wur.nl/en/publications/a-bio-economic-analysis-of-harvest-control-rules-for-the-northeas doi:10.1016/j.marpol.2012.10.020 info:eu-repo/semantics/restrictedAccess Wageningen University & Research Marine Policy 39 (2013) ISSN: 0308-597X economics evolution fecundity gadus-morhua management maturation model reaction norms recruitment stock info:eu-repo/semantics/article Article/Letter to editor info:eu-repo/semantics/publishedVersion 2013 ftunivwagenin https://doi.org/10.1016/j.marpol.2012.10.020 2024-01-10T23:20:46Z 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 merging 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 unprecautionary 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 Article in Journal/Newspaper Arctic cod Arctic Gadus morhua Northeast Arctic cod Wageningen UR (University & Research Centre): Digital Library Arctic Marine Policy 39 172 181 |
institution |
Open Polar |
collection |
Wageningen UR (University & Research Centre): Digital Library |
op_collection_id |
ftunivwagenin |
language |
English |
topic |
economics evolution fecundity gadus-morhua management maturation model reaction norms recruitment stock |
spellingShingle |
economics evolution fecundity gadus-morhua management maturation model reaction norms recruitment stock Eikeset, A.M. Richter, A.P. Dankel, D.J. Dunlop, E.S. Heino, M. Dieckmann, U. Stenseth, N.C. A bio-economic analysis of harvest control rules for the Northeast Arctic cod fishery |
topic_facet |
economics evolution fecundity gadus-morhua management maturation model reaction norms recruitment stock |
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 merging 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 unprecautionary 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 |
format |
Article in Journal/Newspaper |
author |
Eikeset, A.M. Richter, A.P. Dankel, D.J. Dunlop, E.S. Heino, M. Dieckmann, U. Stenseth, N.C. |
author_facet |
Eikeset, A.M. Richter, A.P. Dankel, D.J. Dunlop, E.S. Heino, M. Dieckmann, U. Stenseth, N.C. |
author_sort |
Eikeset, A.M. |
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 |
publishDate |
2013 |
url |
https://research.wur.nl/en/publications/a-bio-economic-analysis-of-harvest-control-rules-for-the-northeas https://doi.org/10.1016/j.marpol.2012.10.020 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic cod Arctic Gadus morhua Northeast Arctic cod |
genre_facet |
Arctic cod Arctic Gadus morhua Northeast Arctic cod |
op_source |
Marine Policy 39 (2013) ISSN: 0308-597X |
op_relation |
https://edepot.wur.nl/296773 https://research.wur.nl/en/publications/a-bio-economic-analysis-of-harvest-control-rules-for-the-northeas doi:10.1016/j.marpol.2012.10.020 |
op_rights |
info:eu-repo/semantics/restrictedAccess Wageningen University & Research |
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 |
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1789961277625335808 |