The Economics of Spatial-Dynamic Processes: Applications to Renewable Resources

Sanchirico, James N.; Wilen, James E.

doi:10.2139/ssrn.1004775

Cited by 37 publications

(45 citation statements)

References 111 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Beyond nutrient pollution, empirical work is beginning to examine multispecies issues (Sanchirico, Smith, and Lipton 2008), the impacts of habitat loss on fisheries (Barbier and Strand 1998), invasive species (Knowler and Barbier 2005), spatial aspects of marine ecosystems (Smith, Sanchirico, and Wilen 2009), and tradeoffs between fishing and marine mammal conservation (Hicks and Schnier 2008;Haynie and Layton 2009). By studying fishery-ecosystem interactions, we hope to infuse the growing enthusiasm for marine ecosystembased management with sound economic analysis grounded in empirical data.…”

Section: Discussionmentioning

confidence: 99%

“…The use of the discrete choice model for behavior thus makes the stock proxy approach more appealing. Moreover, given that the production function is of the Schaefer type (catch is proportional to stock and effort), the inclusion of the stock proxy also serves as a model of expected catches (Smith, Sanchirico, and Wilen 2009). For a similar reason, we do not follow the Haynie and Layton (2009) approach.…”

Section: Modeling the Economic Costs Of Hypoxiamentioning

confidence: 99%

See 1 more Smart Citation

Measuring Welfare Losses from Hypoxia: The Case of North Carolina Brown Shrimp

Huang¹,

Nichols

Craig

et al. 2012

Marine Resource Economics

Self Cite

View full text Add to dashboard Cite

While environmental stressors such as hypoxia (low dissolved oxygen) are perceived as a threat to the productivity of coastal ecosystems, policy makers have little information about the economic consequences for fisheries. Recent work on hypoxia develops a bioeconomic model to harness microdata and quantify the effects of hypoxia on North Carolina's brown shrimp fishery. This work finds that hypoxia is responsible for a 12.9% decrease in NC brown shrimp catches from 1999-2005 in the Neuse River Estuary and Pamlico Sound, assuming that vessels do not react to changes in abundance. The current article extends this work to explore the full economic consequences of hypoxia on the supply and demand for brown shrimp. Demand analysis reveals that the NC shrimp industry is too small to influence prices, which are driven entirely by imports and other domestic U.S. harvest. Thus, demand is flat and there are no measurable benefits to shrimp consumers from reduced hypoxia. On the supply side, we find that the shrimp fleet responds to variation in price, abundance, and weather. Hence, the supply curve has some elasticity. Producer benefits of reduced hypoxia are less than a quarter of the computed gains from assuming no behavioral adjustment.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Modeling the Economic Costs Of Hypoxiamentioning

confidence: 99%

Measuring Welfare Losses from Hypoxia: The Case of North Carolina Brown Shrimp

Huang¹,

Nichols

Craig

et al. 2012

Marine Resource Economics

Self Cite

View full text Add to dashboard Cite

show abstract

“…A spatially heterogeneous steady state can result from the interaction between dynamics of the physical systems and human decisions. These spatial-dynamic problems can only be solved for special cases (notably problems that are linear-quadractic in form) and yield fewer intuitive insights than equivalent problems in renewable resource economics without the spatial-dynamic component (Smith, Sanchirico, & Wilen 2009). Moreover, they are likely to be quite limited for understanding real coastlines because many processes in coastal geomorphology defy this simple description.…”

Section: Geo-economic Models Of Beach Erosion Managementmentioning

confidence: 99%

Economics of Coastal Erosion and Adaptation to Sea Level Rise

Gopalakrishnan

Landry

Whitehead

2016

Annu. Rev. Resour. Econ.

Self Cite

View full text Add to dashboard Cite

This paper provides a review and synthesis of geo-economic models that are used to analyze coastal erosion management and shoreline change. We outline a generic framework for analyzing risk-mitigating and/or recreation-enhancing policy interventions within a dynamic framework, and we review literature that informs the nature and extent of net benefit flows associated with coastal management. Using stated preference analysis, we present new estimates on household preferences for shoreline erosion management, including costs associated with ecological impacts of management. Lastly, we offer some guidance on directions for future research.

show abstract

“…Knowledge of how fishers allocate their fishing effort in space and time is essential to understand how a fishery develops. A number of studies have looked at behavioural aspects of the way fishers allocate their effort spatially (Rijnsdorp et al 2000, Hilborn et al 2005, Hutton et al 2004, Smith et al 2009, Tidd et al 2012. The behaviour of fishers can be studied in the short term (their tactics), for example on a trip-by-trip basis in terms of decisions where to fish and which species to target, or in the long term (their strategies), i.e.…”

Section: Introductionmentioning

confidence: 99%

Fishing strategies and the Ecosystem Approach to Fisheries in the eastern Mediterranean Sea

Maravelias¹,

Haralabous²,

Tsitsika³

2014

Sci. Mar.

View full text Add to dashboard Cite

Summary:The sustainable use of aquatic living resources is the cornerstone of the ecosystem approach to fisheries management (EAF). Excess fishing effort leading to the degradation of fishery resources and significant economic waste is globally recognized by resource managers as a major problem for the implementation of the EAF and European's Union Common Fisheries Policy (CFP). Knowledge of how fishers allocate their fishing effort in space and time is essential to understand how a fishery develops. Understanding fishing strategies is also vital for predicting how a fishery might respond to proposed management changes such as effort/area restrictions and introduction of a marine protected area, and for drawing up a management policy. Random utility models were used to examine the factors affecting fishers' behaviour in the NE Mediterranean. The probability of selecting a specific fishing rectangle was estimated using monthly purse seine data. The predictive inputs concerned both subjective behavioural and objective seasonal and technical-economic characteristics. The present study provided direct evidence of the important role that the strategic decision-making behaviour of fishers could play in understanding the way the industry will respond to changes in resource availability, market conditions and management measures under the EAF principle.Keywords: ecosystem approach; random utility model (RUM); discrete choice model; fleet dynamics; fishers behaviour. Estrategias de pesca y Aproximación Ecosistémica de Pesquerías en el Mediterráneo orientalResumen: El uso sostenible de los recursos vivos acuáticos es la piedra angular del enfoque ecosistémico en la gestión de pesquerías (EAF). El exceso de esfuerzo pesquero, responsable de la degradación de los recursos pesqueros y pérdidas econocómicas significativas, es generalmente reconocido por los gestores pesqueros como el principal problema para la implementación del EAF y de la Política Pesquera Común Europea (PPC). El conocimiento de la forma en la que los pescadores localizan su esfuerzo pesquero en espacio y tiempo es esencial para comprender como se desarrolla una pesquería. Entender las estrategias pesqueras es vital también para predecir como una pesquería puede responder en función de cambios de gestión propuestos como restricciones esfuerzo/área, introducción de Áreas Marinas Protegidas (MPA) y en la aplicación de la política de gestión. Para examinar los factores que afectan el comportamiento de la elección de los pescadores del Mediterráneo oriental se han utilizado Modelos de Utilidad Aleatorios (RUMs). La probabilidad de seleccionar un rectángulo específico de pesca fue estimada utilizando datos mensuales de cerqueros. Los datos predictivos de entrada incluían ambos comportamientos, tanto subjetivos como objetivos, estacionales y características técnico-económicas. El presente estudio proporciona indicios claros de la importancia que puede tener la estrategia en la toma de decisiones de los pescadores en la forma en que la industria responderá a los c...

show abstract

The Economics of Spatial-Dynamic Processes: Applications to Renewable Resources

Cited by 37 publications

References 111 publications

Measuring Welfare Losses from Hypoxia: The Case of North Carolina Brown Shrimp

Measuring Welfare Losses from Hypoxia: The Case of North Carolina Brown Shrimp

Economics of Coastal Erosion and Adaptation to Sea Level Rise

Fishing strategies and the Ecosystem Approach to Fisheries in the eastern Mediterranean Sea

Contact Info

Product

Resources

About