Use and non-use values in an applied bioeconomic model of fisheries and habitat connections
AuthorArmstrong, Claire W.; Vondolia, Godwin Kofi; Aanesen, Margrethe; Kahui, Viktoria; Czajkowski, Mikolaj
In addition to indirect support to fisheries, marine habitats also provide non-use benefits often overlooked in most bioeconomic models. We expand a dynamic bioeconomic fisheries model where presence of natural habitats reduces fishing cost via aggregation effects and provides non-use benefits. The theoretical model is illustrated with an application to cold-water corals in Norway where two fishing methods are considered—destructive bottom trawl and non-destructive coastal gear. Non-use values of cold-water corals in Norway are estimated using a discrete choice experiment. Both the theoretical model and its empirical applications demonstrate how non-use values impact optimal fishing practices.
PublisherThe University of Chicago Press
CitationArmstrong C, Kahui, Vondolia GK, Aanesen M, Czajkowski M. Use and non-use values in an applied bioeconomic model of fisheries and habitat connections. Marine Resource Economics. 2017;32(4):351-369
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