A Bioeconomic Analysis of the Northern Baltic Salmon Fishery: Coexistence versus Exclusion of Competing Sequential Fisheries

We develop a bioeconomic model of the northern Balticsalmon fishery that takes into account thesimultaneous harvest of wild and reared salmon. Weassess the optimal harvest allocation between thecommercial offshore, inshore, and estuary fisheries,and the recreational river fishery that sequentiallyha...

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Bibliographic Details
Published in:Environmental & resource economics 2001-03, Vol.18 (3), p.293-315
Main Author: Laukkanen, Marita
Format: Article
Language:English
Subjects:
Baltic salmon
Brackish
Commercial fishing
Competition
Costs
Empirical research
Environmental economics
Estuaries
Fish
Fisheries
Fishing
Freshwater
harvest allocation
Natural resources
Open access
optimal exploitation
Production functions
Recreation
Regulation
Resource allocation
Resource management
Rivers
Salmon
Salmonidae
sequential fisheries
Spawning
Sport fishing
Studies
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Summary:We develop a bioeconomic model of the northern Balticsalmon fishery that takes into account thesimultaneous harvest of wild and reared salmon. Weassess the optimal harvest allocation between thecommercial offshore, inshore, and estuary fisheries,and the recreational river fishery that sequentiallyharvest the salmon stock. We restrict the solution tospawning stocks sufficient to preserve the wildsalmon. Empirical results suggest closure of theoffshore and inshore fisheries. Optimal managementenhances the wild stock, and results in substantialeconomic gains to the fishery. Current fisheryregulation improves the performance of the fisheryover open access, but fails to utilize the fullproductive potential of the resource. Copyright Kluwer Academic Publishers 2001
ISSN:0924-6460
1573-1502
DOI:10.1023/A:1011164523802