THE VALUE OF IMPROVED WATER QUALITY TO CHESAPEAKE BAY BOATERS

Resource /Energy Economics and Policy,

Estimating Economic Benefits of Allowing a Flexible Window for Maryland Purchases of Sponge Crabs

We estimate that crabmeat industry revenues from processing sponge crabs can increase by at least 56% over the current estimated value of production, from $1.6 million to$2.5 million. This gain can be realized by moving from the current fixed opening of the season during which the Maryland industry can purchase sponge crabs to a flexible starting date to the season that lasts the same number of days as the current system. This change would have the added advantage of reducing the variability in revenues that come from processing sponge crabs. Our modeling of the decision to open the season is based on a minimum amount of information. It is expected that with more sophisticated analysis of the market situation during the season, experts can optimize the opening date and increase the revenues even further.Resource /Energy Economics and Policy,

An Approach to Ecosystem-Based Fishery Management

Marine scientists and policymakers are encouraging ecosystem-based fishery management (EBFM), but there is limited guidance on how to operationalize the concept. We adapt financial portfolio theory as a method for EBFM that accounts for species interdependencies, uncertainty, and sustainability constraints. Illustrating our method with routinely collected data available from the Chesapeake Bay, we demonstrate the gains from taking into account species variances and covariances in setting species total allowable catches. We find over the period from 1962–2003 that managers could have increased the revenues from fishing and reduced the variance by employing ecosystem frontiers in setting catch levels.ecosystem-based fishery management, portfolio, trophic modeling, precaution

Pulsed Generic Advertising: The Case of Common Property

Regulation of fisheries production together with public promotion of fisheries products offer a potentially profitable environment for fishermen. Yet production restrictions are usually insufficient to prevent entry, causing depletion of the resource base and dissipation of long-run profits from promotion. Shorter run gains may be possible, providing producer response to advertising is not instantaneous. Lagged biological and economic responses appear to provide a rationale for pulsed advertising. Moreover, a pulsed advertising policy is shown to mitigate the adverse effects on the resource base which would normally accompany expansion of consumption without direct production control.generic promotion, oysters, common property, pulsed advertising, Environmental Economics and Policy, Resource /Energy Economics and Policy,

Beach Zone Fish Community Structure In The James River, Virglnia

A seining survey of the fish fauna of the beach zone in the James River, Virginia, was conducted from July to December 1977. Weekly collections were made at 4 stations resulting in the capture of 17,602 individuals representing 36 species. Abundance and diversity were influenced by large catches of schooling and migratory species utilizing nearshore areas as a nursery ground. Freshwater species diversity peaked in August and September, while mesohaline species diversity peaked in July, September, and November. Cluster analysis was used to define 3 freshwater station groups representing warm, moderate, and cool water temperatures, but was not helpful in analyzing mesohaline stations.https://scholarworks.wm.edu/vimsbooks/1112/thumbnail.jp

Toward a Rational Seafood Trade Policy

With a record trade deficit of almost $146 billion in 1986, and continued high deficits in 1987, there is growing concern about how continued deficits will affect the U. S. economy. Because fishery products had a record$6.3 billion deficit in 1986, the U.S. National Marine Fisheries Service (NMFS) has made the reduction of the fisheries trade deficit one of its top priorities. A recent NMFS trade objective was to "increase exports and domestic consumption of U.S. fishery products" which would lead to a reduction in the trade deficit. In this paper we explore this policy in terms of practicality and desirability

Adherence to Best Practices for Stated Preference Valuation within the U.S. Marine Ecosystem Services Literature

Non-market economic values derived from stated preference (SP) methods are often of interest for policy analysis and evaluation, program design, green accounting, and damage assessments and are increasingly in demand with adoption of ecosystem-based management approaches that emphasize accounting for ecosystem services and their values. A recent guidance prescribes a set of twenty-three best practices guidelines (BPGs) to follow when conducting a SP study to ensure the validity of the results and maximize its ability to provide reliable economic value information. In this article, we evaluate adherence to these guidelines within the U.S. SP marine ecosystem service valuation literature. Our results suggest adherence by the literature to the guidelines is heterogeneous with none of the studies examined adhering to all guidelines and some guidelines being adhered to better than others. Evidence points to adherence differences between older and more recent studies, between studies using different SP valuation methods, and between studies valuing recreation ecosystem services and ones valuing other ecosystem services. Furthermore, a citation analysis suggests studies addressing elements embodied in the BPGs tend to have more citations all else being equal. We discuss several challenges to valuing marine ecosystem services and areas for improvement and inquiry

Economic valuation of natural resources: a handbook for coastal resource policymakers

Professionals who are responsible for coastal environmental and natural resource planning and management have a need to become conversant with new concepts designed to provide quantitative measures of the environmental benefits of natural resources. These amenities range from beaches to wetlands to clean water and other assets that normally are not bought and sold in everyday markets. At all levels of government — from federal agencies to townships and counties — decisionmakers are being asked to account for the costs and benefits of proposed actions. To non-specialists, the tools of professional economists are often poorly understood and sometimes inappropriate for the problem at hand. This handbook is intended to bridge this gap. The most widely used organizing tool for dealing with natural and environmental resource choices is benefit-cost analysis — it offers a convenient way to carefully identify and array, quantitatively if possible, the major costs, benefits, and consequences of a proposed policy or regulation. The major strength of benefit-cost analysis is not necessarily the predicted outcome, which depends upon assumptions and techniques, but the process itself, which forces an approach to decision-making that is based largely on rigorous and quantitative reasoning. However, a major shortfall of benefit-cost analysis has been the difficulty of quantifying both benefits and costs of actions that impact environmental assets not normally, nor even regularly, bought and sold in markets. Failure to account for these assets, to omit them from the benefit-cost equation, could seriously bias decisionmaking, often to the detriment of the environment. Economists and other social scientists have put a great deal of effort into addressing this shortcoming by developing techniques to quantify these non-market benefits. The major focus of this handbook is on introducing and illustrating concepts of environmental valuation, among them Travel Cost models and Contingent Valuation. These concepts, combined with advances in natural sciences that allow us to better understand how changes in the natural environment influence human behavior, aim to address some of the more serious shortcomings in the application of economic analysis to natural resource and environmental management and policy analysis. Because the handbook is intended for non-economists, it addresses basic concepts of economic value such as willingness-to-pay and other tools often used in decision making such as costeffectiveness analysis, economic impact analysis, and sustainable development. A number of regionally oriented case studies are included to illustrate the practical application of these concepts and techniques

Workshop on Environmental Research Needs in Support of Potential Virginia Offshore Oil and Gas Activities

The MMS, a bureau within the Department of the Interior, sponsored a workshop on the environmental research needs in support of potential Virginia offshore oil and gas activities 3 and 4 December 2008, in Williamsburg, Virginia. The focus of the workshop was to assess the existing scientific knowledgebase along the Virginia Coast and the information gaps that need to 2 be addressed should a lease sale for oil and gas activities be held for the Virginia outer continental shelf. This report summarizes the outcome of the workshop

Addressing marine and coastal governance conflicts at the interface of multiple sectors and jurisdictions

Marine and coastal activities are closely interrelated, and conflicts among different sectors can undermine management and conservation objectives. Governance systems for fisheries, power generation, irrigation, aquaculture, marine biodiversity conservation, and other coastal and maritime activities are typically organized to manage conflicts within sectors, rather than across them. Based on the discussions around eight case studies presented at a workshop held in Brest in June 2019, this paper explores institutional approaches to move beyond managing conflicts within a sector. We primarily focus on cases where the groups and sectors involved are heterogeneous in terms of: the jurisdiction they fall under; their objectives; and the way they value ecosystem services. The paper first presents a synthesis of frameworks for understanding and managing cross-sectoral governance conflicts, drawing from social and natural sciences. We highlight commonalities but also conceptual differences across disciplines to address these issues. We then propose a novel analytical framework which we used to evaluate the eight case studies. Based on the main lessons learned from case studies, we then discuss the feasibility and key determinants of stakeholder collaboration as well as compensation and incentive schemes. The discussion concludes with future research needs to support policy development and inform integrated institutional regimes that consider the diversity of stakeholder interests and the potential benefits of cross-sectoral coordination