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Regulation of fisheries bycatch with common-pool output quotas

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  • Abbott, Joshua K.
  • Wilen, James E.

Abstract

Many fisheries around the world are plagued with the problem of bycatch--the inadvertent harvesting and discard of non-targeted species. Bycatch occurs when targeted and non-targeted species coincide in the same habitat and gear is imperfectly selective. One of the prevailing methods of controlling bycatch is the common-pool quota system. Under this system, biologists set total allowable catches (TACs) for both the targeted and non-targeted species, and the fishing season is closed when one of these TACs binds. We develop a predictive model of a renewable resource that is regulated with this kind of common-pool quota system. The model demonstrates that the equilibrium will generally be characterized by excessive discards, shortened seasons, and foregone target species harvest. These results occur even with very efficient (low bycatch) fishing gear. We examine the sensitivity of our predictions to changes in technological parameters and degrees of spatial correlation of target and non-target species. Finally, we derive the optimal bycatch penalty function and describe its significance in light of various policy options available to regulators.

Suggested Citation

  • Abbott, Joshua K. & Wilen, James E., 2009. "Regulation of fisheries bycatch with common-pool output quotas," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 195-204, March.
    • Handle: RePEc:eee:jeeman:v:57:y:2009:i:2:p:195-204
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    Cited by:

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    2. Holland, Daniel S. & Jannot, Jason E., 2012. "Bycatch risk pools for the US West Coast Groundfish Fishery," Ecological Economics, Elsevier, vol. 78(C), pages 132-147.
    3. Donovan, Pierce & Springborn, Michael, 2022. "Balancing conservation and commerce: A shadow value viability approach for governing bycatch," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    4. Zinnia Mukherjee, 2016. "Controlling stochastic externalities with penalty threats: the case of bycatch," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 18(1), pages 93-113, January.
    5. Holzer, Jorge & DePiper, Geret, 2019. "Intertemporal quota arbitrage in multispecies fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 185-207.
    6. Melstrom, Richard T., 2014. "Optimal Management of a Fishery with Bycatch," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 168316, Agricultural and Applied Economics Association.
    7. Rajesh Singh & Quinn Weninger, 2015. "Cap-and-trade Bycatch Management with Costly Avoidance and Stock Uncertainty," Marine Resource Economics, University of Chicago Press, vol. 30(1), pages 97-119.
    8. Zhou, Rong & Segerson, Kathleen, 2014. "Individual vs. Collective Quotas in Fisheries Management: Efficiency and Distributional Impacts," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170601, Agricultural and Applied Economics Association.
    9. Stephen Kasperski, 2015. "Optimal Multi-species Harvesting in Ecologically and Economically Interdependent Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(4), pages 517-557, August.
    10. Pascoe, Sean & Hutton, Trevor & Hoshino, Eriko & Sporci, Miriana & Yamasaki, Satoshi & Kompas, Tom, 2020. "Effectiveness of harvest strategies in achieving multiple management objectives in a multispecies fishery," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    11. Cecilia Hammarlund & Patrik Jonsson & Daniel Valentinsson & Staffan Waldo, 2021. "Economic and environmental effects of replacing bottom trawling with fishing with creels," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(1), pages 94-118, January.
    12. Abbott, Joshua K. & Wilen, James E., 2011. "Dissecting the tragedy: A spatial model of behavior in the commons," Journal of Environmental Economics and Management, Elsevier, vol. 62(3), pages 386-401.
    13. Melstrom, Richard T., 2015. "Cyclical harvesting in fisheries with bycatch," Resource and Energy Economics, Elsevier, vol. 42(C), pages 1-15.
    14. Kasperski, Stephen, 2016. "Optimal multispecies harvesting in the presence of a nuisance species," Marine Policy, Elsevier, vol. 64(C), pages 55-63.
    15. Holland, D.S., 2010. "Markets, pooling and insurance for managing bycatch in fisheries," Ecological Economics, Elsevier, vol. 70(1), pages 121-133, November.

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