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Improving Utilization of the Atlantic Sea Scallop Resource: An Analysis of Rotational Management of Fishing Grounds

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  • Diego Valderrama
  • James L. Anderson

Abstract

An age-structured bioeconomic model was constructed to determine optimal patterns of exploitation for the U.S. Atlantic sea scallop fishery. Results indicated that economic rents are maximized by engaging in pulse fishing strategies, whereby fishing only occurs following a multi-year closure period. Closures allow biomass to accumulate undisturbed for several years in a row, leading to the harvest of premium-size scallops upon reopening of the fishing grounds. Closures also result in substantial reductions in operating fishing costs. The rotational harvesting strategy was found to be robust with respect to a number of assumptions in the model. Policy implications are discussed.

Suggested Citation

  • Diego Valderrama & James L. Anderson, 2007. "Improving Utilization of the Atlantic Sea Scallop Resource: An Analysis of Rotational Management of Fishing Grounds," Land Economics, University of Wisconsin Press, vol. 83(1), pages 86-103.
    • Handle: RePEc:uwp:landec:v:83:y:2007:i:1:p:86-103
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    References listed on IDEAS

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    1. Fong, Quentin S. W. & Anderson, James L., 2002. "International shark fin markets and shark management: an integrated market preference-cohort analysis of the blacktip shark (Carcharhinus limbatus)," Ecological Economics, Elsevier, vol. 40(1), pages 117-130, January.
    2. Rognvaldur Hannesson, 1975. "Fishery Dynamics: A North Atlantic Cod Fishery," Canadian Journal of Economics, Canadian Economics Association, vol. 8(2), pages 151-173, May.
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    Cited by:

    1. Thomas A Oliver & Kirsten L L Oleson & Hajanaina Ratsimbazafy & Daniel Raberinary & Sophie Benbow & Alasdair Harris, 2015. "Positive Catch & Economic Benefits of Periodic Octopus Fishery Closures: Do Effective, Narrowly Targeted Actions ‘Catalyze’ Broader Management?," PLOS ONE, Public Library of Science, vol. 10(6), pages 1-24, June.
    2. Diego Valderrama & James L. Anderson, 2009. "Improving Utilization of the Atlantic Sea Scallop Resource: An Analysis of Rotational Management of Fishing Grounds: Reply," Land Economics, University of Wisconsin Press, vol. 85(2), pages 383-389.
    3. Ussif Rashid Sumaila & Gordon R. Munro & Jon G. Sutinen, 2007. "Recent Developments in Fisheries Economics: An Introduction," Land Economics, University of Wisconsin Press, vol. 83(1), pages 1-5.
    4. Marco, Jorge & Valderrama, Diego, 2020. "Measuring Triple Bottomline Performance in a Fishery Attempting to Recover from Collapse: The Case of the Colombian Queen Conch Fishery," EfD Discussion Paper 20-12, Environment for Development, University of Gothenburg.
    5. Deborah R. Hart, 2009. "Improving Utilization of the Atlantic Sea Scallop Resource: An Analysis of Rotational Management of Fishing Grounds: Comment," Land Economics, University of Wisconsin Press, vol. 85(2), pages 378-382.
    6. Trond Bjørndal & Marko Lindroos, 2012. "Cooperative and non-cooperative management of the Northeast Atlantic cod fishery," Journal of Bioeconomics, Springer, vol. 14(1), pages 41-60, April.

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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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