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Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections

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  • Claire W. Armstrong
  • Viktoria Kahui
  • Godwin K. Vondolia
  • Margrethe Aanesen
  • Mikołaj Czajkowski

Abstract

In addition to indirect support to fisheries, marine habitats also provide non-use benefits often overlooked in most bioeconomic models. We expand a dynamic bioeconomic fisheries model where presence of natural habitats reduces fishing cost via aggregation effects and provides non-use benefits. The theoretical model is illustrated with an application to cold-water corals in Norway where two fishing methods are considered--destructive bottom trawl and non-destructive coastal gear. Non-use values of cold-water corals in Norway are estimated using a discrete choice experiment. Both the theoretical model and its empirical applications demonstrate how non-use values impact optimal fishing practices.

Suggested Citation

  • Claire W. Armstrong & Viktoria Kahui & Godwin K. Vondolia & Margrethe Aanesen & Mikołaj Czajkowski, 2017. "Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections," Marine Resource Economics, University of Chicago Press, vol. 32(4), pages 351-369.
    • Handle: RePEc:ucp:mresec:doi:10.1086/693477
    DOI: 10.1086/693477
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    Cited by:

    1. Costello, Christopher & Molina, Renato, 2021. "Transboundary marine protected areas," Resource and Energy Economics, Elsevier, vol. 65(C).
    2. Bui Bich Xuan & Claire W. Armstrong, 2019. "Trading Off Tourism for Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 697-716, June.
    3. 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.
    4. Alain Jean-Marie & Mabel Tidball, 2023. "Dynamic fishing with endogenous habitat damage," Post-Print hal-04136790, HAL.
    5. Mariel, Petr & Artabe, Alaitz, 2020. "Interpreting correlated random parameters in choice experiments," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    6. John Robinson, Peter & van Beukering, Pieter & Brander, Luke & Brouwer, Roy & Haider, W. & Taylor, Michael & Mau, Paulus, 2022. "Understanding the determinants of biodiversity non-use values in the context of climate change: Stated preferences for the Hawaiian coral reefs," Ecosystem Services, Elsevier, vol. 53(C).
    7. Hynes, Stephen & Chen, Wenting & Vondolia, Kofi & Armstrong, Claire & O'Connor, Eamonn, 2021. "Valuing the ecosystem service benefits from kelp forest restoration: A choice experiment from Norway," Ecological Economics, Elsevier, vol. 179(C).
    8. Hynes, Stephen & Chen, Wenting & Vondolia, Kofi & Armstrong, Claire & O’Connor, Eamonn, 2020. "Valuing the Ecosystem Service Benefits from Kelp Forest Restoration: A Choice Experiment," Working Papers 309505, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    9. Thanh Viet Nguyen & Manh Hung Nguyen & Quang Van, 2018. "Is Green Growth Possible in Vietnam? The Case of Marine Capture Fisheries," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-10, September.
    10. Pascoe, Sean & Hutton, Trevor & Hoshino, Eriko, 2018. "Offsetting Externalities in Estimating MEY in Multispecies Fisheries," Ecological Economics, Elsevier, vol. 146(C), pages 304-311.

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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