Economic incentives to target species and fish size: Prices and fine-scale product attributes in Norwegian fisheries

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2015-08-19

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© International Council for the Exploration of the Sea 2014. All rights reserved.Improved fisheries management provides fishers with more opportunities to maximize harvest value by accounting for valuable attributes of the harvest such as species, harvest timing, fish size, product form, and landing location. Harvest values can also vary by vessel and gear type. Moreover, the extent of targeting can influence the ecosystem in which the fishers operate and provide important management challenges.Weutilize a unique dataset containing daily vessel-level fish landings in one region of Norway in 2010 to investigate the value of an array of attributes, including species, product form, product condition, timing, fish size, vessel type, gear type, and landing location for cod and other whitefish species, aswell as king crab. Wealso investigate to what extent landed value differs across different communities, firms, and plants. The results indicate substantial variation for all attributes, highlighting opportunities for fishers aswell as potential management challenges. For whitefish, the species landed accounts for threequarters of the variation in prices. For cod in particular, the fish size accounts for nearly all variation in prices. In these fisheries, market conditions justify management focus on the biological composition of the catch.

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10.1093/icesjms/fsu208

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Asche, F, Y Chen and MD Smith (2015). Economic incentives to target species and fish size: Prices and fine-scale product attributes in Norwegian fisheries. ICES Journal of Marine Science, 72(3). pp. 733–740. 10.1093/icesjms/fsu208 Retrieved from https://hdl.handle.net/10161/13511.

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Smith

Martin D. Smith

George M. Woodwell Distinguished Professor of Environmental Economics

Smith studies the economics of the oceans, including fisheries, marine ecosystems, seafood markets, and coastal climate adaptation. He has written on a range of policy-relevant topics, including economics of marine reserves, seasonal closures in fisheries, ecosystem-based management, catch shares, nutrient pollution, aquaculture, genetically modified foods, the global seafood trade, organic agriculture, coastal property markets, and coastal responses to climate change. He is best known for identifying unintended consequences of marine and coastal policies that ignore human behavioral feedbacks. Smith’s methodological interests span micro-econometrics, optimal control theory, time series analysis, and numerical modeling of coupled human-natural systems. Smith’s published work appears in The American Economic Review, Nature, Science, Proceedings of the National Academy of Sciences, Journal of Environmental Economics and Management, the Review of Economics and Statistics, and a number of other scholarly journals that span environmental economics, fisheries science, marine policy, ecology, and the geo-sciences. Smith has received national and international awards, including the Quality of Research Discovery from the Agricultural and Applied Economics Association, Outstanding Article in Marine Resource Economics, and an Aldo Leopold Leadership Fellowship. His research has been funded by the National Science Foundation, the National Oceanic and Atmospheric Administration, the National Center for Ecological Analysis and Synthesis, and the Research Council of Norway. Smith has served as Editor-in-Chief of the journal Marine Resource Economics, Co-Editor of the Journal of the Association of Environmental and Resource Economists, and Co-Editor of the Journal of Environmental Economics and Management. He served as a member of the Scientific and Statistical Committee of the Mid-Atlantic Fishery Management Council and currently serves on the Ocean Studies Board of the National Academies.


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