Oceanography The Official Magazine of
The Oceanography Society
Volume 22 Issue 01

View Issue TOC
Volume 22, No. 1
Pages 86 - 91

OpenAccess

Bioeconomic Modeling and the Management of Cold-Water Coral Resources

Claire W. Armstrong Anthony J. Grehan Viktoria Kahui Eirik MikkelsenSiv ReitheSybille van den Hove
Article Abstract

In the HERMES project, bioeconomic modeling is an integral part of the analysis of ocean hotspot management. This type of research is not commonly included in large, natural science projects. However, it is increasingly being shown that managing our common natural heritage requires an understanding not only of nature but also of human behavior and its interaction with nature. Bioeconomic analysis attempts to combine biological models with human behavioral models based on economic incentive mechanisms. Bioeconomic research in the HERMES project was used to inform management of one ocean hotspot: cold-water coral.

Citation

Armstrong, C.W., A.J. Grehan, V. Kahui, E. Mikkelsen, S. Reithe, and S. van den Hove. 2009. Bioeconomic modeling and the management of cold-water coral resources. Oceanography 22(1):86–91, https://doi.org/10.5670/oceanog.2009.10.

References

Armstrong, C.W., and J. Falk-Petersen. 2008. Habitat-fisheries interactions: A missing link? ICES Journal of Marine Science 65:817–821.

Armstrong, C.W., and S. van den Hove. 2008. The formation of policy for protection of cold-water coral off the coast of Norway. Marine Policy 32:66–73.

Flaaten, O. 1988. The Economics of Multispecies Harvesting. Springer, Germany, 162 pp.

Fossa, J.H., P.B. Mortensen, and D.M. Furevik. 2002. The deep-water coral Lophelia pertusa in Norwegian waters: Distribution and fishery impacts. Hydrobiologia 471:1–12.

Hannesson, R. 1983. Optimal harvesting of ecologically interdependent fish species. Journal of Environmental Economics and Management 10:329–345.

Hardin, G. 1968. The tragedy of the commons. Science 162:1,243–1,248.

Homans, F.R., and J.E. Wilen. 1997. A model of regulated open access resource use. Journal of Environmental Economics and Management 32:1–21.

Homans, F.R., and J.E. Wilen. 2005. Markets and rent dissipation in regulated open access fisheries. Journal of Environmental Economics and Management 49:381–404.

Kahui, V., and C.W. Armstrong. 2008. Fishing on cold water coral reefs: A bioeconomic model of habitat-fishery connections. Mimeo, Department of Economics and Management, Norwegian College of Fishery Science, University of Tromsø, Norway.

Mortensen, P.B., M.T. Hovland, J.H. Fosså, and D.M. Furevik. 2001. Distribution, abundance and size of Lophelia pertusa coral reefs in mid-Norway in relation to seabed characteristics. Journal of the Marine Biological Association of the United Kingdom 81:581–597.

Skonhoft, A., and A.B. Johannesen. 2000. On the overgrazing problem. Norsk Økonomisk Tidskrift 114(2):151–166. [In Norwegian]

Copyright & Usage

This is an open access article made available under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution, and reproduction in any medium or format as long as users cite the materials appropriately, provide a link to the Creative Commons license, and indicate the changes that were made to the original content. Images, animations, videos, or other third-party material used in articles are included in the Creative Commons license unless indicated otherwise in a credit line to the material. If the material is not included in the article’s Creative Commons license, users will need to obtain permission directly from the license holder to reproduce the material.