Considering Economic Efficiency In Ecosystem-Based Management: The Case Of Horseshoe Crabs In Delaware Bay

Tan, Yue; Jardine, Sunny L.

doi:10.1007/s10640-017-0204-x

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Considering Economic Efficiency In Ecosystem-Based Management: The Case Of Horseshoe Crabs In Delaware Bay

2019
By Tan, Yue ; Jardine, Sunny L.
Source: Environ Resource Econ (2019) 72:511–538

[PDF-3.78 MB]

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Journal Title:

Environmental and Resource Economics
Personal Author:

Tan, Yue ; Jardine, Sunny L.

Tan, Yue ; Jardine, Sunny L. Less -
NOAA Program & Office:

Sea Grant ; OAR (Oceanic and Atmospheric Research)

Sea Grant ; OAR (Oceanic and Atmospheric Research) Less -
Sea Grant Program:

NSGO/NSGLC (National Sea Grant)
Description:

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.
Keywords:

[+]

Fishery Management Limulus Polyphemus Red Knot Bioeconomics Calidris Canutus Rufa Delayed Optimal Control Ecosystem-based Fisheries Management Horseshoe Crabs Non-fishing Values Open Access
Source:

Environ Resource Econ (2019) 72:511–538
DOI:

https://doi.org/10.1007/s10640-017-0204-x
Document Type:

Journal Article
Funding:

Grant no. NA14OAR4170087
Place as Subject:

Delaware Bay (Del. and N.J.)
Rights Information:

Accepted Manuscript
Compliance:

Submitted
Main Document Checksum:

[+]

urn:sha256:da037b52db89cf40f58998a8ab016528e5784322da992af9327ed8716f5e2927
Download URL:

https://repository.library.noaa.gov/view/noaa/47404/noaa_47404_DS1.pdf
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Considering Economic Efficiency In Ecosystem-Based Management: The Case Of Horseshoe Crabs In Delaware Bay

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