Local, Global, Multi-Level: Market Structure and Multi-Species Fishery Dynamics

Laura G. Elsler, Sarah E. Drohan, Maja Schlüter, James R. Watson, Simon Asher Levin

Research output: Contribution to journalArticle

Abstract

Price and market structures in fisheries change rapidly, now 40% of seafood is traded internationally and are associated with overharvesting of marine species. We have developed a bio-economic fishery model to address the pressing need of managing the interplay of different markets. We first regard local, multi-level and global markets individually and then analyze the effect of transitioning between markets on the exploitation of species and the stability of income. We find that in gradually globalizing markets, transition management needs to account for non-linear price changes since earlier policies may not be suitable after globalization. We hypothesize that short-term policies to ban harvest in the interest of species recovery benefit a local market in which incentives prevent overharvesting. In global markets we expect that sustained initiatives are needed to prevent overharvesting. Individual fisheries using contextualized models representing local ecological and trade structures may benefit from assessing the price dynamics presented in this analysis.

Original languageEnglish (US)
Pages (from-to)185-195
Number of pages11
JournalEcological Economics
Volume156
DOIs
StatePublished - Feb 1 2019

Fingerprint

multispecies fishery
market
fishery economics
price dynamics
fishery
market transition
seafood
globalization
Fisheries
Market structure
incentive
income
Global market

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Economics and Econometrics

Cite this

Elsler, Laura G. ; Drohan, Sarah E. ; Schlüter, Maja ; Watson, James R. ; Levin, Simon Asher. / Local, Global, Multi-Level : Market Structure and Multi-Species Fishery Dynamics. In: Ecological Economics. 2019 ; Vol. 156. pp. 185-195.
@article{ed76c31ed68b45f498395a79e4ea218a,
title = "Local, Global, Multi-Level: Market Structure and Multi-Species Fishery Dynamics",
abstract = "Price and market structures in fisheries change rapidly, now 40{\%} of seafood is traded internationally and are associated with overharvesting of marine species. We have developed a bio-economic fishery model to address the pressing need of managing the interplay of different markets. We first regard local, multi-level and global markets individually and then analyze the effect of transitioning between markets on the exploitation of species and the stability of income. We find that in gradually globalizing markets, transition management needs to account for non-linear price changes since earlier policies may not be suitable after globalization. We hypothesize that short-term policies to ban harvest in the interest of species recovery benefit a local market in which incentives prevent overharvesting. In global markets we expect that sustained initiatives are needed to prevent overharvesting. Individual fisheries using contextualized models representing local ecological and trade structures may benefit from assessing the price dynamics presented in this analysis.",
author = "Elsler, {Laura G.} and Drohan, {Sarah E.} and Maja Schl{\"u}ter and Watson, {James R.} and Levin, {Simon Asher}",
year = "2019",
month = "2",
day = "1",
doi = "https://doi.org/10.1016/j.ecolecon.2018.09.008",
language = "English (US)",
volume = "156",
pages = "185--195",
journal = "Ecological Economics",
issn = "0921-8009",
publisher = "Elsevier",

}

Local, Global, Multi-Level : Market Structure and Multi-Species Fishery Dynamics. / Elsler, Laura G.; Drohan, Sarah E.; Schlüter, Maja; Watson, James R.; Levin, Simon Asher.

In: Ecological Economics, Vol. 156, 01.02.2019, p. 185-195.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Local, Global, Multi-Level

T2 - Market Structure and Multi-Species Fishery Dynamics

AU - Elsler, Laura G.

AU - Drohan, Sarah E.

AU - Schlüter, Maja

AU - Watson, James R.

AU - Levin, Simon Asher

PY - 2019/2/1

Y1 - 2019/2/1

N2 - Price and market structures in fisheries change rapidly, now 40% of seafood is traded internationally and are associated with overharvesting of marine species. We have developed a bio-economic fishery model to address the pressing need of managing the interplay of different markets. We first regard local, multi-level and global markets individually and then analyze the effect of transitioning between markets on the exploitation of species and the stability of income. We find that in gradually globalizing markets, transition management needs to account for non-linear price changes since earlier policies may not be suitable after globalization. We hypothesize that short-term policies to ban harvest in the interest of species recovery benefit a local market in which incentives prevent overharvesting. In global markets we expect that sustained initiatives are needed to prevent overharvesting. Individual fisheries using contextualized models representing local ecological and trade structures may benefit from assessing the price dynamics presented in this analysis.

AB - Price and market structures in fisheries change rapidly, now 40% of seafood is traded internationally and are associated with overharvesting of marine species. We have developed a bio-economic fishery model to address the pressing need of managing the interplay of different markets. We first regard local, multi-level and global markets individually and then analyze the effect of transitioning between markets on the exploitation of species and the stability of income. We find that in gradually globalizing markets, transition management needs to account for non-linear price changes since earlier policies may not be suitable after globalization. We hypothesize that short-term policies to ban harvest in the interest of species recovery benefit a local market in which incentives prevent overharvesting. In global markets we expect that sustained initiatives are needed to prevent overharvesting. Individual fisheries using contextualized models representing local ecological and trade structures may benefit from assessing the price dynamics presented in this analysis.

UR - http://www.scopus.com/inward/record.url?scp=85054196890&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85054196890&partnerID=8YFLogxK

U2 - https://doi.org/10.1016/j.ecolecon.2018.09.008

DO - https://doi.org/10.1016/j.ecolecon.2018.09.008

M3 - Article

VL - 156

SP - 185

EP - 195

JO - Ecological Economics

JF - Ecological Economics

SN - 0921-8009

ER -