IDEAS home Printed from https://ideas.repec.org/a/bla/ajarec/v49y2005i4p395-411.html
   My bibliography  Save this article

Optimal management of the New Zealand longfin eel (Anguilla dieffenbachii)

Author

Listed:
  • Graeme J. Doole

Abstract

Annual recruitment of the New Zealand longfin eel (Anguilla dieffenbachii) has decreased by 75 per cent since significant levels of commercial fishing began in the early 1970s. This motivates application of a multiple‐cohort bioeconomic model to a New Zealand longfin eel fishery to investigate its optimal management and ascertain the suitability of existing regulatory policy. The use of historical harvest to calculate total allowable catch is asserted to be unsustainable based on recovery dynamics. In addition, individual transferable quota systems are argued to be fundamentally flawed for the protection of longfin fisheries because of high‐grading, low‐surplus production and a current lack of effective stock‐assessment procedures. Area closure and the spatial definition of harvest rights are attractive alternatives given the territoriality of longfins and high larval spillover. The importance of unfished reserves is reinforced when significant uncertainties regarding population strength, harvest intensity and growth dynamics are considered. Restriction of exploitation to older cohorts in fished areas is demonstrated to maximise economic yield.

Suggested Citation

  • Graeme J. Doole, 2005. "Optimal management of the New Zealand longfin eel (Anguilla dieffenbachii)," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(4), pages 395-411, December.
  • Handle: RePEc:bla:ajarec:v:49:y:2005:i:4:p:395-411
    DOI: 10.1111/j.1467-8489.2005.00310.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8489.2005.00310.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1467-8489.2005.00310.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Grafton, R. Quentin & Kompas, Tom, 2005. "Uncertainty and the active adaptive management of marine reserves," Marine Policy, Elsevier, vol. 29(5), pages 471-479, September.
    2. Batstone, C J & Sharp, B M H, 1999. "New Zealand's quota management system: the first ten years," Marine Policy, Elsevier, vol. 23(2), pages 177-190, March.
    3. Jon M. Conrad, 1982. "Management of a Multiple Cohort Fishery: The Hard Clam in Great South Bay," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 463-474.
    4. Newell, Richard G. & Sanchirico, James N. & Kerr, Suzi, 2005. "Fishing quota markets," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 437-462, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Holland, Luke M. & Doole, Graeme J., 2014. "Implications of fairness for the design of nitrate leaching policy for heterogeneous New Zealand dairy farms," Agricultural Water Management, Elsevier, vol. 132(C), pages 79-88.
    2. Liu, Yajie & Sumaila, Ussif Rashid & Volpe, John Paul, 2011. "Potential ecological and economic impacts of sea lice from farmed salmon on wild salmon fisheries," Ecological Economics, Elsevier, vol. 70(10), pages 1746-1755, August.
    3. Doole, Graeme J., 2012. "Cost-effective policies for improving water quality by reducing nitrate emissions from diverse dairy farms: An abatement–cost perspective," Agricultural Water Management, Elsevier, vol. 104(C), pages 10-20.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Newell, Richard G. & Papps, Kerry L. & Sanchirico, James N., 2005. "Asset Pricing in Created Markets for Fishing Quotas," Discussion Papers 10639, Resources for the Future.
    2. Richard G. Newell & Kerry L. Papps & James N. Sanchirico, 2007. "Asset Pricing in Created Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(2), pages 259-272.
    3. Kailin Kroetz & James N. Sanchirico & Daniel K. Lew, 2015. "Efficiency Costs of Social Objectives in Tradable Permit Programs," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 339-366.
    4. Keisaku Higashida & Yasuhiro Takarada, 2011. "On Efficiency of Individual Transferable Quotas (ITQs) through Reduction of Vessels," Discussion Paper Series 68, School of Economics, Kwansei Gakuin University, revised Jan 2011.
    5. repec:ags:aaea22:335749 is not listed on IDEAS
    6. Robert N. Stavins, 2011. "The Problem of the Commons: Still Unsettled after 100 Years," American Economic Review, American Economic Association, vol. 101(1), pages 81-108, February.
    7. Ropicki, Andrew & Larkin, Sherry, 2015. "Implied Discount Rates in the Gulf of Mexico Commercial Red Snapper IFQ Program," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205711, Agricultural and Applied Economics Association.
    8. Weninger, Quinn, 2008. "Individual Fishing Quotas in the Eastern Gulf of Mexico Grouper Fishery: Fleet Restructuring, Effort Reduction and Cost Savings," Staff General Research Papers Archive 12890, Iowa State University, Department of Economics.
    9. Grainger, Corbett A. & Costello, Christopher J., 2014. "Capitalizing property rights insecurity in natural resource assets," Journal of Environmental Economics and Management, Elsevier, vol. 67(2), pages 224-240.
    10. Aaron Hatcher, 2022. "A Model of Quota Prices in a Multispecies Fishery with “Choke” Species and Discarding," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 825-846, August.
    11. Fan, Wenbo & Jiang, Xinguo, 2013. "Tradable mobility permits in roadway capacity allocation: Review and appraisal," Transport Policy, Elsevier, vol. 30(C), pages 132-142.
    12. Anderson, Christopher M. & Sutinen, Jon G., 2006. "The effect of initial lease periods on price discovery in laboratory tradable fishing allowance markets," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 164-180, October.
    13. Stefano Carattini & Eli P. Fenichel & Alexander Gordan & Patrick Gourley, 2020. "For want of a chair: Teaching price formation using a cap and trade game," The Journal of Economic Education, Taylor & Francis Journals, vol. 51(1), pages 52-66, January.
    14. Gary D. Libecap, 2016. "Coasean Bargaining to Address Environmental Externalities," NBER Working Papers 21903, National Bureau of Economic Research, Inc.
    15. Robert T. Deacon & Dominic P. Parker & Christopher Costello, 2010. "Overcoming the common pool problem through voluntary cooperation: the rise and fall of a fishery cooperative," NBER Working Papers 16339, National Bureau of Economic Research, Inc.
    16. Ho, Mun & Wang, Zhongmin, 2014. "Green Growth (for China): A Literature Review," RFF Working Paper Series dp-14-22, Resources for the Future.
    17. Nuttall, M.A. & Jordaan, A. & Cerrato, R.M. & Frisk, M.G., 2011. "Identifying 120 years of decline in ecosystem structure and maturity of Great South Bay, New York using the Ecopath modelling approach," Ecological Modelling, Elsevier, vol. 222(18), pages 3335-3345.
    18. Kahui, Viktoria, 2012. "A bioeconomic model for Hooker's sea lion bycatch in New Zealand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(01), pages 1-20, March.
    19. Timilsina, Raja Rajendra & Kotani, Koji, 2017. "Evaluating the potential of marketable permits in a framed field experiment: Forest conservation in Nepal," Journal of Forest Economics, Elsevier, vol. 29(PA), pages 25-37.
    20. Greenville, Jared W. & MacAulay, T. Gordon, 2006. "Protected areas in fisheries: a two-patch, two-species model," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 1-20, June.
    21. Lozano-Montes, Hector M. & Babcock, Russ & Loneragan, Neil R., 2012. "Exploring the effects of spatial closures in a temperate marine ecosystem in Western Australia: A case study of the western rock lobster (Panulirus cygnus) fishery," Ecological Modelling, Elsevier, vol. 245(C), pages 31-40.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajarec:v:49:y:2005:i:4:p:395-411. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.