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- W4239080174 abstract "Despite decades of rebuilding efforts, the population of oysters in the Chesapeake Bay has fallen to historically low levels. We develop a novel bioeconomic model which includes the value of ecological services provided by oysters in situ to determine the optimal length of a harvest moratorium and a subsequent harvest rate that will maximize the net present value of the oyster resource. Not surprisingly, steady-state stocks and optimal harvest rates are increasing and decreasing in ecological service values, respectively. The results also suggest that instituting a harvest moratorium and limiting harvest effort in the fishery can increase the net present value of the resource more than effort limitation alone." @default.
- W4239080174 created "2022-05-12" @default.
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- W4239080174 date "2009-01-01" @default.
- W4239080174 modified "2023-10-02" @default.
- W4239080174 title "When is it Optimal to Delay Harvesting? The Role of Ecological Services in the Northern Chesapeake Bay Oyster Fishery" @default.
- W4239080174 doi "https://doi.org/10.1086/mre.24.4.42629662" @default.
- W4239080174 hasPublicationYear "2009" @default.
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