IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v81y2022i3d10.1007_s10640-021-00633-2.html
   My bibliography  Save this article

Productivity and Management of Renewable Resources: Why More Efficient Fishing Fleets Should Fish Less

Author

Listed:
  • Eric Nævdal

    (University of Oslo)

Abstract

This article analyses the effect of productivity improvements on optimal fisheries management. It is shown that when harvest costs are independent of resource stock and the stock is below its steady state level, then for any given stock it is optimal to reduce harvest levels in response to a productivity increase unless optimal harvest rate is already zero. If harvest costs are stock dependent this result is modified; for stock dependent harvest costs there exists an interval of stock sizes below the steady state where it is optimal to reduce the harvest rate for any given stock size whereas if the harvest rate is close to an economically optimal steady state it is optimal to increase the harvest rate.

Suggested Citation

  • Eric Nævdal, 2022. "Productivity and Management of Renewable Resources: Why More Efficient Fishing Fleets Should Fish Less," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(3), pages 409-424, March.
    • Handle: RePEc:kap:enreec:v:81:y:2022:i:3:d:10.1007_s10640-021-00633-2
    DOI: 10.1007/s10640-021-00633-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10640-021-00633-2
    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/s10640-021-00633-2?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. Neher,Philip A., 1990. "Natural Resource Economics," Cambridge Books, Cambridge University Press, number 9780521311748.
    2. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, April.
    3. Paolo Bertoletti & Giorgio Rampa, 2013. "On inferior inputs and marginal returns," Journal of Economics, Springer, vol. 109(3), pages 303-313, July.
    4. Squires, Dale & Vestergaard, Niels, 2018. "Rethinking the commons problem: Technical change, knowledge spillovers, and social learning," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 1-25.
    5. World Bank, 2017. "The Sunken Billions Revisited," World Bank Publications - Books, The World Bank Group, number 24056.
    6. Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, April.
    7. James A. Brander & M. Scott Taylor, 1997. "International Trade and Open-Access Renewable Resources: The Small Open Economy Case," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 526-552, August.
    8. Morey, Edward R., 1986. "A generalized harvest function for fishing: Allocating effort among common property cod stocks (A generalized harvest function)," Journal of Environmental Economics and Management, Elsevier, vol. 13(1), pages 30-49, March.
    9. Leung, Anthony & Wang, Ar-Young, 1976. "Analysis of Models for Commercial Fishing: Mathematical and Economical Aspects," Econometrica, Econometric Society, vol. 44(2), pages 295-303, March.
    10. Daniel V. Gordon & Rögnvaldur Hannesson, 2015. "The Norwegian Winter Herring Fishery: A Story of Technological Progress and Stock Collapse," Land Economics, University of Wisconsin Press, vol. 91(2), pages 362-385.
    11. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
    12. Clark, Colin W, 1973. "Profit Maximization and the Extinction of Animal Species," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 950-961, July-Aug..
    13. 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.
    14. Cropper, M. L. & Lee, Dwight R. & Pannu, Sukhraj Singh, 1979. "The optimal extinction of a renewable natural resource," Journal of Environmental Economics and Management, Elsevier, vol. 6(4), pages 341-349, December.
    15. Dale Squires & Niels Vestergaard, 2013. "Technical Change and The Commons," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1769-1787, December.
    16. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
    17. Rögnvaldur Hannesson & Kjell G. Salvanes & Dale Squires, 2010. "Technological Change and the Tragedy of the Commons: The Lofoten Fishery over 130 Years," Land Economics, University of Wisconsin Press, vol. 86(4), pages 746-765.
    18. Whitmarsh, David, 1990. "Technological change and marine fisheries development," Marine Policy, Elsevier, vol. 14(1), pages 15-22, January.
    Full references (including those not matched with items on IDEAS)

    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. Nævdal, Eric & Skonhoft, Anders, 2018. "New insights from the canonical fisheries model – Optimal management when stocks are low," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 125-133.
    2. Squires, Dale & Vestergaard, Niels, 2013. "Technical change in fisheries," Marine Policy, Elsevier, vol. 42(C), pages 286-292.
    3. José Ramón Ruiz Tamarit & Manuel Sánchez Moreno, 2006. "Optimal Regulation And Growth In A Natural-Resource-Based Economy," Working Papers. Serie AD 2006-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    4. Nævdal, Eric, 2023. "Biological productivity and optimal harvesting of a biological resource — An uncomplicated exercise in comparative dynamics," Economics Letters, Elsevier, vol. 226(C).
    5. Le Floc'h, Pascal & Merzéréaud, Mathieu & Beckensteiner, Jennifer & Alban, Frédérique & Duhamel, Erwan & Thébaud, Olivier & Wilson, James, 2023. "Explaining technical change and its impacts over the very long term: The case of the Atlantic sardine fishery in France from 1900 to 2017," Research Policy, Elsevier, vol. 52(9).
    6. Ho Geun Jang & Satoshi Yamazaki & Eriko Hoshino, 2019. "Profit and equity trade‐offs in the management of small pelagic fisheries: the case of the Japanese sardine fishery," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), pages 549-574, July.
    7. Asche, Frank & Smith, Martin D., 2018. "Viewpoint: Induced Innovation in Fisheries and Aquaculture," Food Policy, Elsevier, vol. 76(C), pages 1-7.
    8. Eggert, Håkan, 2006. "Fisheries Economics and 20 years with Marine Resource Economics: A Citation Analysis," Working Papers in Economics 203, University of Gothenburg, Department of Economics.
    9. Walden, John & Fissel, Ben & Squires, Dale & Vestergaard, Niels, 2015. "Productivity change in commercial fisheries: An introduction to the special issue," Marine Policy, Elsevier, vol. 62(C), pages 289-293.
    10. Frank Jensen & Jesper Andersen & Carsten Lynge Jensen, 2012. "Investment behaviour in individual nontransferable quota systems," Applied Economics, Taylor & Francis Journals, vol. 44(8), pages 969-978, March.
    11. Carl-Erik Schulz, 1996. "Trade policy and ecology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(1), pages 15-38, July.
    12. Gordon Munro & U. Sumaila, 2015. "On the Contributions of Colin Clark to Fisheries Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(1), pages 1-17, May.
    13. Kvamsdal, Sturla F. & Maroto, José M. & Morán, Manuel & Sandal, Leif K., 2020. "Bioeconomic modeling of seasonal fisheries," European Journal of Operational Research, Elsevier, vol. 281(2), pages 332-340.
    14. Robert S. Pindyck, 1984. "Uncertainty in the Theory of Renewable Resource Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(2), pages 289-303.
    15. Monette, Marcel, 1986. "L’Économique des pêcheries : une revue de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 289-305, juin.
    16. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
    17. Manuel Coelho & Jose Antonio Filipe & Manuel Alberto M. Ferreira & Rui Junqueira Lopes, 2013. "Extinction Revisited: “Allee Effect” and Irreversibility in “Schooling” Fisheries," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(1), pages 405-405.
    18. Nostbakken, Linda, 2006. "Regime switching in a fishery with stochastic stock and price," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 231-241, March.
    19. Horan, Richard D. & Bulte, Erwin H., 2001. "Resource Or Nuisance? Managing African Elephants As A Multi-Use Species," 2001 Annual meeting, August 5-8, Chicago, IL 20440, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Costello, Christopher & Polasky, Stephen, 2008. "Optimal harvesting of stochastic spatial resources," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 1-18, July.

    More about this item

    Keywords

    Fisheries; Optimal control; Productivity; Renewable resources;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

    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:81:y:2022:i:3:d:10.1007_s10640-021-00633-2. 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.