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Sushi or Fish Fingers? Seafood Diversity, Collapsing Fish Stocks, and Multispecies Fishery Management

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  • Martin F. Quaas
  • Till Requate

Abstract

We present a model of a multi-species fishery and show that (i) consumer preferences for seafood diversity may trigger a sequential collapse of fish stocks under open-access fishery, (ii) the stronger the preferences are for diversity the higher is the need for coordinated multi-species regulation, (iii) second-best optimal management of only one (or a few) species is less strict than socially optimal management of the same species. Finally, (iv) myopic regulation of one species, ignoring spill-overs to other species, may cause depletion of other stocks that would not be depleted under open access.
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Suggested Citation

  • Martin F. Quaas & Till Requate, 2013. "Sushi or Fish Fingers? Seafood Diversity, Collapsing Fish Stocks, and Multispecies Fishery Management," Scandinavian Journal of Economics, Wiley Blackwell, vol. 115(2), pages 381-422, April.
    • Handle: RePEc:bla:scandj:v:115:y:2013:i:2:p:381-422
    DOI: sjoe.12002
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    References listed on IDEAS

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    1. Opsomer Jean-Didier & Conrad Jon M., 1994. "An Open-Access Analysis of the Northern Anchovy Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 27(1), pages 21-37, July.
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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices

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