IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v72y2019i2d10.1007_s10640-017-0204-x.html
   My bibliography  Save this article

Considering Economic Efficiency in Ecosystem-Based Management: The Case of Horseshoe Crabs in Delaware Bay

Author

Listed:
  • Yue Tan

    (Charles Schwab & Co., Inc. and Charles Schwab Bank)

  • Sunny L. Jardine

    (University of Washington)

Abstract

The welfare gains from incorporating ecosystem considerations into fisheries management are unclear and can vary widely between systems. Additionally, welfare gains depend on how ecosystem considerations are adopted. This paper uses an empirically parameterized bioeconomic model to explore the welfare implications of two definitions of ecosystem-based fisheries management (EBFM). We first define EBFM as a fishery management plan that maximizes the net present value of ecosystem services. We then explore an alternative definition that adds ecosystem considerations to a fishery managed with regulated open access. Our biological model reflects horseshoe crabs in Delaware Bay, which are harvested in a commercial fishery and are ecologically linked to migrating shorebirds populations, e.g. the endangered red knot. We find that introducing ecosystem considerations to a regulated open access fishery generates welfare gains on par with gains from addressing the commons problem even when fishery rents are completely dissipated. Additionally, solving the commons problem within an EBFM approach can provide substantial welfare gains above those from solving the commons problem in a single-species management framework.

Suggested Citation

  • Yue Tan & Sunny L. Jardine, 2019. "Considering Economic Efficiency in Ecosystem-Based Management: The Case of Horseshoe Crabs in Delaware Bay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(2), pages 511-538, February.
    • Handle: RePEc:kap:enreec:v:72:y:2019:i:2:d:10.1007_s10640-017-0204-x
    DOI: 10.1007/s10640-017-0204-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10640-017-0204-x
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10640-017-0204-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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Guttormsen, Atle G. & Kristofersson, Dadi & Nævdal, Eric, 2008. "Optimal management of renewable resources with Darwinian selection induced by harvesting," Journal of Environmental Economics and Management, Elsevier, vol. 56(2), pages 167-179, September.
    2. Singh, Rajesh & Weninger, Quinn, 2009. "Bioeconomies of scope and the discard problem in multiple-species fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 72-92, July.
    3. Deacon, Robert T. & Finnoff, David & Tschirhart, John, 2011. "Restricted capacity and rent dissipation in a regulated open access fishery," Resource and Energy Economics, Elsevier, vol. 33(2), pages 366-380, May.
    4. Edwards, Peter E.T. & Parsons, George R. & Myers, Kelley H., 2011. "The economic value of viewing migratory shorebirds on the Delaware Bay: An application of the single site travel cost model using on-site data," MPRA Paper 35832, University Library of Munich, Germany.
    5. Homans, Frances R. & Wilen, James E., 2005. "Markets and rent dissipation in regulated open access fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 381-404, March.
    6. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    7. Myers, Kelley H. & Parsons, George R. & Edwards, Peter E.T., 2010. "Measuring the recreational use value of migratory shorebirds on the Delaware Bay," MPRA Paper 26126, University Library of Munich, Germany.
    8. Christine Bertram & Martin F. Quaas, 2017. "Biodiversity and Optimal Multi-species Ecosystem Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(2), pages 321-350, June.
    9. Hannesson, Rognvaldur, 1983. "Optimal harvesting of ecologically interdependent fish species," Journal of Environmental Economics and Management, Elsevier, vol. 10(4), pages 329-345, December.
    10. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
    11. Jardine, Sunny L. & Sanchirico, James N., 2015. "Fishermen, markets, and population diversity," Journal of Environmental Economics and Management, Elsevier, vol. 74(C), pages 37-54.
    12. Holland, Dan & Schnier, Kurt E., 2006. "Individual habitat quotas for fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 51(1), pages 72-92, January.
    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. Godwin K. Vondolia & Wenting Chen & Claire W. Armstrong & Magnus D. Norling, 2020. "Bioeconomic Modelling of Coastal Cod and Kelp Forest Interactions: Co-benefits of Habitat Services, Fisheries and Carbon Sinks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 25-48, January.

    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. Matthew N. Reimer & Joshua K. Abbott & James E. Wilen, 2014. "Unraveling the Multiple Margins of Rent Generation from Individual Transferable Quotas," Land Economics, University of Wisconsin Press, vol. 90(3), pages 538-559.
    2. 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.
    3. Tarui, Nori & Mason, Charles F. & Polasky, Stephen & Ellis, Greg, 2008. "Cooperation in the commons with unobservable actions," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 37-51, January.
    4. repec:ags:aaea22:335749 is not listed on IDEAS
    5. Fell, Harrison, 2008. "Ex-vessel Pricing and IFQs: A Strategic Approach," RFF Working Paper Series dp-08-01, Resources for the Future.
    6. Johannus Janmaat, 2012. "Fishing in a Shallow Lake: Exploring a Classic Fishery Model in a Habitat with Shallow Lake Dynamics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(2), pages 215-239, February.
    7. Asche, Frank & Smith, Martin D., 2018. "Viewpoint: Induced Innovation in Fisheries and Aquaculture," Food Policy, Elsevier, vol. 76(C), pages 1-7.
    8. Wilen, James E., 2000. "Renewable Resource Economists and Policy: What Differences Have We Made?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 306-327, May.
    9. Sigbjorn Tveteras & Carlos Paredes & Julio Peña, 2011. "Individual Fishing Quotas in Peru: Stopping the Race for Anchovies," ILADES-UAH Working Papers inv263, Universidad Alberto Hurtado/School of Economics and Business.
    10. Florian Diekert, 2012. "Growth Overfishing: The Race to Fish Extends to the Dimension of Size," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(4), pages 549-572, August.
    11. Anna M. Birkenbach & Andreea L. Cojocaru & Frank Asche & Atle G. Guttormsen & Martin D. Smith, 2020. "Seasonal Harvest Patterns in Multispecies Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 631-655, March.
    12. Sanchirico, James N. & Smith, Martin D. & Lipton, Douglas W., 2006. "An Approach to Ecosystem-Based Fishery Management," RFF Working Paper Series dp-06-40, Resources for the Future.
    13. Yajie Liu & Jon Olaf Olaussen & Anders Skonhoft, 2011. "When a Fish is a Fish: The Economic Impacts of Escaped Farmed Fish," Working Paper Series 12011, Department of Economics, Norwegian University of Science and Technology.
    14. Håkan Eggert & Ragnar Tveterås, 2013. "Productivity development in Icelandic, Norwegian and Swedish fisheries," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 709-720, February.
    15. Rahman Khoshakhlagh & Seyed Vahid Safaeifard & Seyedeh Nasim Mirahmadi Sharifi, 2013. "Estimating Recreation Demand Function by Using Zero Truncated Poisson Distribution: A Case Study of Tehran Darband Site (Iran)," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 1(1), pages 11-20.
    16. Dale Squires & Yongil Jeon & R. Quentin Grafton & James Kirkley, 2010. "Controlling excess capacity in common-pool resource industries: the transition from input to output controls ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 361-377, July.
    17. Maria Salvo & Giuseppe Cucuzza & Giovanni Signorello, 2022. "Using discrete choice experiments to explore how bioecological attributes of sites drive birders’ preferences and willingness to travel," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 24(2), pages 119-146, April.
    18. Akihito Asano & Kelly Neill & Satoshi Yamazaki, 2016. "Decomposing Fishing Effort: Modelling The Sources Of Inefficiency In A Limited-Entry Fishery," Economics Discussion / Working Papers 16-23, The University of Western Australia, Department of Economics.
    19. Anderson, James L. & Asche, Frank & Garlock, Taryn, 2018. "Globalization and commoditization: The transformation of the seafood market," Journal of Commodity Markets, Elsevier, vol. 12(C), pages 2-8.
    20. Valderrama, Diego & Anderson, James L., 2010. "Market interactions between aquaculture and common-property fisheries: Recent evidence from the Bristol Bay sockeye salmon fishery in Alaska," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 115-128, March.
    21. Eli P. Fenichel & Joshua K. Abbott, 2014. "Natural Capital: From Metaphor to Measurement," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 1-27.

    More about this item

    Keywords

    Bioeconomics; Delayed optimal control; Ecosystem-based fisheries management; Horseshoe crab (Limulus polyphemus); Non-fishing values; Open access; Red knot (Calidris canutus rufa);
    All these keywords.

    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

    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:kap:enreec:v:72:y:2019:i:2:d:10.1007_s10640-017-0204-x. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.