Samuel F. Herrick

Individual transferable quotas in multispecies fisheries

Dale Squires and Samuel F. Herrick, Jr are at the U.S. National Marine Fisheries Service, P.O. Box 271, La Jolla, California 92038-0271, USA. Harry Campbell is at the University of Queensland, Queensland, Australia. Stephen Cunningham and Sean Pascoe are at the University of Portsmouth, Portsmouth, UK. Christopher Dewees is at the University of California, Davis, Davis USA. R. Quentin Grafton is at the University of Ottawa, Ottawa Canada. James Kirkley is at the Virginia Institute of Marine Science, Gloucester, VA, USA. Sean Pascoe is also at the Australian Bureau of Agricultural and Resource Economics, Canberra, Australia. Kjell Salvanes is at the Norwegian School of Economics and Business Administration, Bergen, Norway. Bruce Shallard can be contacted at Bruce Shallard and Associates, New Zealand. Bruce Turris is at the Canada Department of Fisheries and Oceans, Vancouver, Canada. Niels Vestergaard is at the Danish Institute for Fisheries Economics Research, Esbjerg, Denmark.

Ecological and economic considerations in the conservation and management of the Pacific sardine (Sardinops sagax)

In this paper, we consider economic and ecological issues associated with the Pacific sardine (Sardinops sagax) as a commercially harvested species relative to its importance as prey for species of commercial, recreational, and ecological significance. Using economic theory and ecosystem modeling results for the California Current, we investigate whether sardines might be more valuable as forage than as commercial landings. Our analysis considers various conditions under which this would be justified. For example, ex-vessel prices of commercially important sardine predators near the high end of their respective ranges in recent years and the ex-vessel price of sardine at the low end of its respective range would favor leaving more sardine as forage fish. However, even if it were advisable to reduce the volume of the sardine fishery to leave more forage for other, more valuable species, it does not necessarily imply that the sardine fishery should be shut down altogether. Rather, our results indicate that ...

Climate Change and the Economics of the World’s Fisheries

To date, research on the economic implications of climate change on fisheries has been both limited and fragmented. The contributors to this volume remedy the lack of attention by investigating the economic consequences of pelagic fish fluctuations in the recent past in order to understand how to adapt and respond to future climate changes.