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Internalising Environmental Cost in Aquaculture Farms Public Deposited

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  • This paper analyses the effect of adopting certain policies of internalising environmental costs on the optimal management of farms. In particular, the optimal harvesting time is analysed once these policies have been implemented. Fish growth and contamination diffusion are represented by means of dynamic stochastic models, including the uncertainty inherent to an economic activity related with the environment. Social costs are internalised by means of a pigouvian tax. The results obtained reveal the need for caution in internalisation policies as, in certain cases, the obtained optimal harvesting sizes can be out of the market preferences, forcing the farms to adopt a suboptimal management.
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  • Hernandez, Juan M. and Miguel Leon-Santana. 2006. Internalising Environmental Cost in Aquaculture Farms. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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  • description.provenance : Approved for entry into archive by Brian E. Davis(brian.davis@oregonstate.edu) on 2013-10-31T16:45:18Z (GMT) No. of bitstreams: 1 446.pdf: 121925 bytes, checksum: 50514a61af21532d47f1ed0e0b009732 (MD5)
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