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Cost-Effectiveness Analysis in Intertemporal Natural Resource Policy: Evaluation of Selective Fishing Gear

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  • In most decision making involving natural resources, the achievements of the policy (e.g., better ecosystem) are rather difficult to measure in monetary units. To overcome this problem the paper develops a modified Cost-Effectiveness Analysis (CEA) to include these intangible benefits in intertemporal natural resource problems. The proposed CEA framework is applied to the case of selective gear policy in the trawl fishery in Kattegat and Skagerrak. The empirical analysis demonstrates how a policy with large negative net benefits might be justified if the intangible benefits are included. The paper demonstrates that partial implementation of the gear policy may be preferable.
  • KEYWORDS: Governance: Management of Fishing Activity Part I, Fisheries Management, Fisheries economics
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  • Kronbak, L. Cost-Effectiveness Analysis in Intertemporal Natural Resource Policy: Evaluation of Selective Fishing Gear. In: Visible Possibilities: The Economics of Sustainable Fisheries, Aquaculture and Seafood Trade: Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 16-20, Dar es Salaam, Tanzania. Edited by Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2012.
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  • AQUAFISH, USAID, NEPAD Planning and Coordination Agency, Norad, The World Bank, Hyatt Regency Dar es Salaam, NAAFE, World Wildlife Fund, United Nations University Fisheries Training Programme, ICEIDA, JICA, JIFRS, The European Association of Fisheries Economists, International Seafood Sustainability Foundation
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