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Full-Text Articles in Aquaculture and Fisheries

Rational Ecosystem-Based Fisheries Management: An Application To The Gom Commercial Reef Fish Fishery, Quinn Weninger May 2019

Rational Ecosystem-Based Fisheries Management: An Application To The Gom Commercial Reef Fish Fishery, Quinn Weninger

Economics Working Papers

Ecosystem-based fisheries management (EBFM) seeks to integrate the full complexity of real-world marine ecosystems into the design of fisheries management policies and regulations. EBFM is practiced currently with the help of complex ecosystem process models that track and simulate numerous ecosystem elements/organisms across space and time. For simplicity and to maintain tractability, the fishing sector component of process models maintain restrictive assumptions for harvesting technologies, fishing behavior, regulations, and fishing sector response to changing stock conditions. Predictions of fishing sector-ecosystem interaction obtained under these assumptions can grossly misinform EBFM policy design. An alternative rational fishing model is presented and ...


Identification Of Resource Extraction Technologies When The Resource Stock Is Unobservable, Quinn Weninger, Larry Perruso, Helle Bunzel Feb 2019

Identification Of Resource Extraction Technologies When The Resource Stock Is Unobservable, Quinn Weninger, Larry Perruso, Helle Bunzel

Economics Working Papers

This paper consistently estimates the structural properties of a fishery resource extraction technology. We overcome two ubiquitous features of fisheries data generating processes that invalidate classical estimators: unobservability by the researcher (but partial observability by fishermen) of the fish stock, and endogenous production decisions that vary with private information about stock abundance and economic variables. We adopt methods used in fisheries stock assessment to control for unobserved stock effects on productivity. A nonlinear instrumental variables estimator controls for endogenous choices of the output mix. The approach is applied to the US Gulf of Mexico commercial reef fish fishery. Comparison with ...


Rational Ecosystems-Based Fisheries Management, Rajesh Singh, Quinn Weninger Aug 2018

Rational Ecosystems-Based Fisheries Management, Rajesh Singh, Quinn Weninger

Economics Working Papers

Ecosystem-based fisheries management (EBFM) seeks to incorporate the full complexity of marine ecosystems into the design of fisheries management policies and regulations. This paper presents a model of a multiple-species, and spatially-temporally heterogeneous fishery that is managed under a tradable quota regulation. Past studies of fisheries management in this setting have, for purposes of simplification, resorted to (1) restrictive assumptions for multiple-species harvesting technologies, (2) myopic and ad hoc behavioral rules for the fishing sector, and (3) assumptions for regulatory control that do not exist in real world fisheries. We derive a rational expectations, ecological-economic equilibrium outcome for harvests, discards ...