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Is the Current Regulation of the VIII Division European Anchovy Optimal?

Author

Listed:
  • Ikerne del Valle
  • Inmaculada Astorkiza
  • Kepa Astorkiza
Abstract
This paper sets out to assess the workability of the regulation currently in force in the European anchovy fishery of the VIII division. Particular attention is paid to the importance of the institutional regime in the allocation of natural resources. The study uses a bio-economic approach and takes into account the fact that, not only the European Union and the individual countries involved, but also some of the resource users or appropriators intervene in its management. In order to compare the effectiveness of the rules which, at the various levels, have been set up to restrict exploitation of the resource, the anchovy fishery is simulated in two extreme situations: open access and sole ownership. The results obtained by effective management will then be contrasted with those obtained from the maximum and zero profit objectives related with the two above-mentioned scenarios. Thus, if the real data come close to those derived from the sole ownership model it will have to be acknowledged that the rules at present in force are optimal. If, on the other hand, the situation more closely approach the results obtained from the open access model, we will endeavour in our conclusions to provide suggestions for economic policy measures that might improve the situation in the fishery. Copyright Kluwer Academic Publishers 2001

Suggested Citation

  • Ikerne del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2001. "Is the Current Regulation of the VIII Division European Anchovy Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(1), pages 53-72, May.
    • Handle: RePEc:kap:enreec:v:19:y:2001:i:1:p:53-72
    DOI: 10.1023/A:1011127610739
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    References listed on IDEAS

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    1. Opsomer Jean-Didier & Conrad Jon M., 1994. "An Open-Access Analysis of the Northern Anchovy Fishery," Journal of Environmental Economics and Management, Elsevier, vol. 27(1), pages 21-37, July.
    2. M. Garza-Gil, 1998. "ITQ Systems in Multifleet Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(1), pages 79-92, January.
    3. Stevenson,Glenn G., 1991. "Common Property Economics," Cambridge Books, Cambridge University Press, number 9780521384414, September.
    4. Bjorndal, Trond, 1988. "The optimal management of North Sea Herring," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 9-29, March.
    5. Ussif Sumaila, 1997. "Cooperative and Non-Cooperative Exploitation of the Arcto-Norwegian Cod Stock," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(2), pages 147-165, September.
    6. repec:bla:scandj:v:89:y:1987:i:2:p:145-64 is not listed on IDEAS
    7. Trond Bjorndal & Jon M. Conrad, 1987. "The Dynamics of an Open Access Fishery," Canadian Journal of Economics, Canadian Economics Association, vol. 20(1), pages 74-85, February.
    8. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
    9. Eirik Amundsen & Trond Bjørndal & Jon Conrad, 1995. "Open access harvesting of the Northeast Atlantic minke whale," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 6(2), pages 167-185, September.
    10. Dubbink, Wim & van Vliet, Martijn, 1996. "Market regulation versus co-management? : Two perspectives on regulating fisheries compared," Marine Policy, Elsevier, vol. 20(6), pages 499-516, November.
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    Cited by:

    1. Maroto, Jose M. & Moran, Manuel, 2008. "Increasing marginal returns and the danger of collapse of commercially valuable fish stocks," Ecological Economics, Elsevier, vol. 68(1-2), pages 422-428, December.
    2. Ikerne Del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2003. "Fishing effort validation and substitution possibilities among components: the case study of the VIII division European anchovy fishery," Applied Economics, Taylor & Francis Journals, vol. 35(1), pages 63-77.
    3. Luca Mulazzani & Rosa Manrique & Giovanna Trevisan & Giulio Malorgio, 2015. "Fish market integration and demand analysis: a Mediterranean case study," Agricultural Economics, International Association of Agricultural Economists, vol. 46(1), pages 39-52, January.
    4. José-María Da-Rocha & Linda Nøstbakken & Marcos Pérez, 2014. "Pulse Fishing and Stock Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 257-274, October.
    5. Lancker, Kira & Fricke, Lorena & Schmidt, Jörn O., 2019. "Assessing the contribution of artisanal fisheries to food security: A bio-economic modeling approach," Food Policy, Elsevier, vol. 87(C), pages 1-1.

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