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Bioeconomic assessment of alternative cold-water aquaculture species: early life stages Public Deposited

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  • Despite several factors favoring the development of haddock (Melanogrammus aeglefinus) aquaculture, there is virtually no economic information on its feasibility. This paper uses bioeconomic simulation techniques to conduct an ex-ante impact assessment of the early life stages in haddock production. Using an economic engineering methodology, early life stages are modeled by decomposing the production system into two separable production activities: the production of live feeds and juvenile fish from hatching to grow-out. Uncertainty in live feeds and haddock production is simulated using Monte Carlo techniques in order to compare alternative production technologies using stochastic dominance techniques. Overall, fifteen production technologies are analyzed. Large-scale traditional production techniques dominate the other alternatives despite being more risky. There is a seventy percent probability that haddock juveniles can be produced at the current cost of salmon fry.
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  • Dalton, Timothy J., Kate M. Waning. 2002. Bioeconomic assessment of alternative cold-water aquaculture species: early life stages. Peer Review: No. In: Proceedings of the Eleventh Biennial Conference of the International Institute of Fisheries Economics and Trade, August 19-22, 2002, Wellington, New Zealand: Fisheries in the Global Economy. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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