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Implications of Private Salmon Aquaculture on Prices, Production, and Management of Salmon Resources
Author(s) -
Anderson James L.,
Wilen James E.
Publication year - 1986
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242133
Subject(s) - fishery , fishing , productivity , aquaculture , production (economics) , business , fish <actinopterygii> , natural resource economics , economics , biology , economic growth , macroeconomics
The emergence of large‐scale salmon ranching in the Pacific Northwest has led to significant controversy over the potential impact of salmon ranching on market structure, salmon prices, ocean and aquacultural production, and salmon fishing regulation. This paper models the behavior of a dominant salmon rancher facing a competitive open‐access fishery using a dynamic nonlinear programming model. Primary attention is given to production and regulation‐influencing strategies of an optimally managed salmon ranch under selected institutional and biological constraints. The effect of such behavior is evaluated with regard to salmon prices, natural salmon stocks, ocean fishing effort, and ocean fishery productivity.