Understanding Rent Dissipation and Optimal Management in Recreational Fisheries: theory Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/ht24wk351

Abstract only.

Descriptions

Attribute NameValues
Creator
Abstract or Summary
  • Recreational fisheries are severely understudied by fisheries economists, in spite of their growing importance in the context of fisheries management. While recreational demand models have been extensively applied to recreational fisheries, they have rarely been successfully integrated with bioeconomic models to evaluate policy changes. Furthermore, theoretical models of open access behavior have presumed a process of rent dissipation that closely mimics models of the commercial fishery this despite the fact that there is serious cause to doubt the hypothesized mechanisms for such dissipation and the consistency of the underlying models with received consumer theory. Addressing these shortcomings is important as interest in adapting instruments designed for commercial fisheries to the recreational context increases. We remedy this gap by developing models of open access and optimal dynamic management of recreational fisheries that are consistent with current developments in recreational demand analysis. We incorporate a number of realistic aspects of the recreational context, namely: 1) the existence of multiple substitutable recreational sites of varying proximity and (endogenous) biological characteristics; 2) the ubiquity of (unobservable) angler heterogeneity in preferences; and 3) the potential for corner solutions (zero visitation) by some sub-population of potential anglers. Our model yields a number of insights concerning the nature of rent dissipation in recreational fisheries and how it is shaped (and limited) by factors such as the number of substitute sites and their spatial configuration and biological connectivity. Our modeling also calls into question the usefulness of a representative agent framework in bioeconomic models of optimal fishery management.
Resource Type
Date Available
Date Issued
Citation
  • Fenichel, Eli and Joshua Abbott. 2010. Understanding Rent Dissipation and Optimal Management in Recreational Fisheries: theory. In: Proceedings of the Fifteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 13-16, 2010, Montpellier, France: Economics of Fish Resources and Aquatic Ecosystems: Balancing Uses, Balancing Costs. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2010.
Conference Name
Keyword
Subject
Rights Statement
Funding Statement (additional comments about funding)
Publisher
Peer Reviewed
Language
Replaces
Additional Information
  • description.provenance : Submitted by Amy Zhang (zhanga@onid.orst.edu) on 2013-05-28T16:44:21Z No. of bitstreams: 1 380.pdf: 22040 bytes, checksum: 52313c247b59bb5fc34a201429bcd136 (MD5)
  • description.provenance : Approved for entry into archive by Philip Vue(vuep@onid.orst.edu) on 2013-06-12T17:04:57Z (GMT) No. of bitstreams: 1 380.pdf: 22040 bytes, checksum: 52313c247b59bb5fc34a201429bcd136 (MD5)
  • description.provenance : Made available in DSpace on 2013-06-12T17:04:58Z (GMT). No. of bitstreams: 1 380.pdf: 22040 bytes, checksum: 52313c247b59bb5fc34a201429bcd136 (MD5) Previous issue date: 2010

Relationships

In Administrative Set:
Last modified: 07/14/2017

Downloadable Content

Download PDF
Citations:

EndNote | Zotero | Mendeley

Items