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Long-run management of Greenland's fishery on Greenland halibut (Reinhardtius hippoglossoides)

Published online by Cambridge University Press:  29 November 2023

Frank Jensen Open the ORCID record for Frank Jensen [Opens in a new window] ,
Ayoe Hoff ,
Jette Bredahl Jacobsen  and
Henrik Meilby
Frank Jensen*
Affiliation:
Department of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark
Ayoe Hoff
Affiliation:
Department of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark
Jette Bredahl Jacobsen
Affiliation:
Department of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark
Henrik Meilby
Affiliation:
Department of Food and Resource Economics, University of Copenhagen, Copenhagen, Denmark
*
*Corresponding author: Frank Jensen; Email: fje@ifro.ku.dk
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Abstract

In this paper, we consider four scenarios for economic optimal management of a fisheries resource by a high sea and coastal fleet segment. These scenarios differ with respect to whether a common or two separate fish stocks are considered and whether the profit from land-based processing is included. The model is parametrized using the Greenland halibut fishery on the west coast of Greenland as an empirical case. For this fishery, we show that the relative ranking of the optimal high sea industry harvest and profit compared to the coastal industry harvest and profit depends on the chosen scenario. When comparing the scenarios for optimal management and the actual situation, we find that the fish stock tends to be overexploited.

Keywords

Greenland halibutcoastal vesselshigh sea vesselsoptimal management

JEL classification

Q22: Fishery • Aquaculture O13: Agriculture • Natural Resources • Energy • Environment • Other Primary Products R13: General Equilibrium and Welfare Economic Analysis of Regional Economies R52: Land Use and Other Regulations
Type
Research Article
Information
Environment and Development Economics , Volume 29 , Issue 1 , February 2024 , pp. 39 - 62
Copyright
Copyright © The Author(s), 2023. Published by Cambridge University Press

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