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The economic costs to fisheries because of marine sand mining in Ongjin Korea: Concepts, methods, and illustrative results

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  • Kim, Tae Goun
  • Grigalunas, Thomas A.
  • Han, Kyung-Nam

Abstract

We illustrate a methodology for estimating the damages to commercial fisheries from entrainment and from temporary loss of seafloor habitat productivity because of marine sand mining. A Beverton-Holt, year-class model is used to estimate illustrative short-term, long-term, and indirect (food web) effects from the inception of mining through the time to recovery of the injured resource stocks. A Base Case analysis evaluates hypothetical mining for a 4Â km2 mining site with biological recovery of the mined area beginning seven months after mining ceases and the bottom excavation fills in. Sensitivity analyses also are used to illustrate damages for alternative recovery paths and for 20 hypothetical mining sites for one year of mining and for recurring mining for 5 and for 10Â years. Important qualifications and directions for further research are outlined.

Suggested Citation

  • Kim, Tae Goun & Grigalunas, Thomas A. & Han, Kyung-Nam, 2008. "The economic costs to fisheries because of marine sand mining in Ongjin Korea: Concepts, methods, and illustrative results," Ecological Economics, Elsevier, vol. 65(3), pages 498-507, April.
    • Handle: RePEc:eee:ecolec:v:65:y:2008:i:3:p:498-507
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    References listed on IDEAS

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    1. John M. Ward & Jon G. Sutinen, 1994. "Vessel Entry-Exit Behavior in the Gulf of Mexico Shrimp Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 916-923.
    2. Grigalunas, Thomas & Opaluch, James J. & Luo, Meifeng, 2001. "The economic costs to fisheries from marine sediment disposal: case study of Providence, RI, USA," Ecological Economics, Elsevier, vol. 38(1), pages 47-58, July.
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    Cited by:

    1. Michael Hübler & Frank Pothen, 2021. "Can smart policies solve the sand mining problem?," PLOS ONE, Public Library of Science, vol. 16(4), pages 1-15, April.
    2. Lai, Lawrence W.C. & Chau, K.W. & Lorne, Frank T., 2016. "The rise and fall of the sand monopoly in colonial Hong Kong," Ecological Economics, Elsevier, vol. 128(C), pages 106-116.
    3. Reinoud Joosten, 2016. "Strong and Weak Rarity Value: Resource Games with Complex Price–Scarcity Relationships," Dynamic Games and Applications, Springer, vol. 6(1), pages 97-111, March.

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