Investing in natural capital as management strategy in fisheries: The case of the Baltic Sea cod fishery

Döring, Ralf; Egelkraut, Thorsten M.

doi:10.1016/j.ecolecon.2007.04.008

Cited by 31 publications

(21 citation statements)

References 18 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…S3). Our findings thus support the need to invest in ''natural capital'' (i.e., in future stock size) as a long-term management strategy for Baltic cod (41).…”

Section: Bio-economic Scenariossupporting

confidence: 68%

“…Regression parameters were calculated from the observed market price (adjusted for inflation rate for each year) and landings from 1974 to 2004. The fishing costs, c, were calculated on a fixed number of fishing licenses and include investments and running costs for 2004 (41). Fishing costs are assumed to decrease as stock biomass increase because of increased catchability and reduced fishing effort.…”

Section: Methodsmentioning

confidence: 99%

“…5 A and C). Because increasing discount rates are largely caused by the great uncertainty perceived about future landings (44), Döring and Egelkraut (41) stress the need to reduce fishermen's long-term uncertainty by guaranteeing specific shares of total future landings and profits, e.g., by restricting the number of fishing licenses ad/or introducing a system of individual transferable quotas in the Baltic Sea cod fishery. We show here that not only traditional management advice but conventional discounting may have fueled overfishing and caused the collapse of Baltic cod.…”

Section: Bio-economic Scenariosmentioning

confidence: 99%

See 2 more Smart Citations

Preventing the collapse of the Baltic cod stock through an ecosystem-based management approach

Lindegren

Möllmann

Nielsen

et al. 2009

Proc. Natl. Acad. Sci. U.S.A.

125

124

View full text Add to dashboard Cite

Worldwide a number of fish stocks have collapsed because of overfishing and climate-induced ecosystem changes. Developing ecosystem-based fisheries management (EBFM) to prevent these catastrophic events in the future requires ecological models incorporating both internal food-web dynamics and external drivers such as fishing and climate. Using a stochastic food-web model for a large marine ecosystem (i.e., the Baltic Sea) hosting a commercially important cod stock, we were able to reconstruct the history of the stock. Moreover we demonstrate that in hindsight the collapse could only have been avoidable by adapting fishing pressure to environmental conditions and food-web interactions. The modeling approach presented here represents a significant advance for EBFM, the application of which is important for sustainable resource management in the future.ecosystem-based fisheries management ͉ sustainability

show abstract

“…S3). Our findings thus support the need to invest in ''natural capital'' (i.e., in future stock size) as a long-term management strategy for Baltic cod (41).…”

Section: Bio-economic Scenariossupporting

confidence: 68%

Section: Methodsmentioning

confidence: 99%

Section: Bio-economic Scenariosmentioning

confidence: 99%

See 1 more Smart Citation

Preventing the collapse of the Baltic cod stock through an ecosystem-based management approach

Lindegren

Möllmann

Nielsen

et al. 2009

Proc. Natl. Acad. Sci. U.S.A.

125

124

View full text Add to dashboard Cite

show abstract

“…1B). Döring & Egelkraut (2008) analyzed the economics of the Baltic cod fishery and concluded that, given the growth potential of the stock, it makes perfect economic sense to invest in future stock sizes.…”

Section: Resultsmentioning

confidence: 99%

Three options for rebuilding the cod stock in the eastern Baltic Sea

Froese

Quaas²

2011

Mar. Ecol. Prog. Ser.

View full text Add to dashboard Cite

“…Trust might be an issue too, cf., e.g., , Brann & Foddy [1987]. Döring & Egelkraut [2008] suggest that …shermen's long-term uncertainty should be reduced to avert the threat of aggressive short-term behavior. Bjørndal & Gordon [1993] observe investment behavior in the Norwegian …shing ‡eet even under low rates of return suggesting an absence or reduction risk due to the nature of the …shery at hand (cf., e.g., Boncoeur et al [2000] and Edney & Harper [1978]).…”

Section: The State Of the Resourcementioning

confidence: 99%

Social dilemmas, time preferences and technology adoption in a commons problem

Joosten

2014

J Bioecon

View full text Add to dashboard Cite

Agents interacting on a body of water choose between technologies to catch …sh. One is harmless to the resource, as it allows full recovery; the other yields high immediate catches, but low(er) future catches.Strategic interaction in one 'objective' resource game may induce several 'subjective' games in the class of social dilemmas. Which unique 'subjective' game is actually played depends crucially on how the agents discount their future payo¤s. We examine equilibrium behavior and its consequences on sustainability of the common-pool resource system under exponential and hyperbolic discounting.A su¢ cient degree of patience on behalf of the agents may lead to equilibrium behavior averting exhaustion of the resource, though full restraint (both agents choosing the ecologically or environmentally sound technology) is not necessarily achieved. Furthermore, if the degree of patience between agents is su¢ ciently dissimilar, the more patient is exploited by the less patient one in equilibrium.We demonstrate the generalizability of our approach developed throughout the paper. We provide recommendations to reduce the enormous complexity surrounding the general cases. JEL codes: C72, C73, Q22, Q57.

show abstract

Investing in natural capital as management strategy in fisheries: The case of the Baltic Sea cod fishery

Cited by 31 publications

References 18 publications

Preventing the collapse of the Baltic cod stock through an ecosystem-based management approach

Preventing the collapse of the Baltic cod stock through an ecosystem-based management approach

Three options for rebuilding the cod stock in the eastern Baltic Sea

Social dilemmas, time preferences and technology adoption in a commons problem

Contact Info

Product

Resources

About