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25 July 2017 Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections
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Abstract

In addition to indirect support to fisheries, marine habitats also provide non-use benefits often overlooked in most bioeconomic models.We expand a dynamic bioeconomic fisheries model where presence of natural habitats reduces fishing cost via aggregation effects and provides non-use benefits. The theoretical model is illustrated with an application to cold-water corals in Norway where two fishing methods are considered—destructive bottom trawl and non-destructive coastal gear. Non-use values of cold-water corals in Norway are estimated using a discrete choice experiment. Both the theoretical model and its empirical applications demonstrate how non-use values impact optimal fishing practices.

JEL Codes: Q22, Q28, Q57.

© 2017 MRE Foundation, Inc. All rights reserved.
Claire W. Armstrong, Godwin K. Vondolia, Margrethe Aanesen, Viktoria Kahui, and Mikołaj Czajkowski "Use and Non-Use Values in an Applied Bioeconomic Model of Fisheries and Habitat Connections," Marine Resource Economics 32(4), 351-369, (25 July 2017). https://doi.org/10.1086/693477
Received: 4 July 2016; Accepted: 1 June 2017; Published: 25 July 2017
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