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

Frank Jensen*, Ayoe Hoff, Jette Bredahl Jacobsen, Henrik Meilby

*Corresponding author for this work

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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.

Original languageEnglish
JournalEnvironment and Development Economics
Volume29
Issue number1
Pages (from-to) 39-62
Number of pages24
ISSN1355-770X
DOIs
Publication statusPublished - 2024

Bibliographical note

Publisher Copyright:
Copyright © The Author(s), 2023. Published by Cambridge University Press.

Keywords

  • coastal vessels
  • Greenland halibut
  • high sea vessels
  • optimal management

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