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Growth Overfishing

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  • Growth overfishing squanders large parts of the potential rents in fisheries. Many of today’s fisheries are characterized by a severely truncated age-distribution, which in addition may have irreversible ecological consequences. Nevertheless, the implications of age-differentiated harvesting for management have received surprisingly little attention in the literature. In the present paper, optimal and non-cooperative exploitation paths for a generic age-distributed resource are derived. We show that, in the case of perfect selectivity, competition between two agents is sufficient to dissipate all rents. Akin to the classical Bertrand competition in prices, each agent has an incentive to target fish at a younger age. That is, the “race to fish” extends to the dimension of age. This observation is crucial also with respect to management: Individual quotas are not able to restore efficiency unless accompanied by gear regulation. Moreover, it turns out that quotas specified in terms of numbers are far superior to those specified in terms of volume or value.
  • KEYWORDS: Bycatch, Discard, Selectivity, Fishery management, Fisheries economics
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  • Diekert, Florian K. Growth Overfishing. 12 pages. 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.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, Agence Française de Développement, Ministère de l’Enseignement Supérieur et de la Recherche, Ministère de L’Alimentation de L’Agriculture et de la Pêche, Ministère de l’Énergie, du Développement Durable et de la Mer, La Région Languedoc Rouslilon, Département Hérault, Montpellier Agglomèration, The Department of Fisheries and Oceans, Canada, and AquaFish Collaborative Research Support Program (CRSP).
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