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• W6078302 abstract "As a harvested species is depleted, its harvest price often rises due to falling supply, rarity value, or both. There is concern that high price flexibility can cause extinction by buffering harvest profits against abundance declines. However, harvest costs also tend to increase as a population declines. Here, I derive a simple rule of thumb for determining whether prices might rise faster than costs as a population is depleted - indicating susceptibility to severe overharvesting under open-access. Comparing this rule of thumb to a review of empirical evidence from marine species, I find that conditions leading costs to be insensitive to abundance declines - particularly catch rates insensitive to abundance declines, termed 'hyperstable', usually as a result of range contraction - are much more common than high price flexibility, even in highly valued species such as bluefin tunas, sturgeons, whales and abalones. My analysis suggests that factors potentially causing coincident range contraction as a population declines - including herding or schooling behavior and habitat destruction - may be important but underappreciated factors contributing to price-related extinction threats." @default.
• W6078302 created "2016-06-24" @default.
• W6078302 creator A5032002559 @default.
• W6078302 date "2014-10-01" @default.
• W6078302 modified "2023-09-27" @default.
• W6078302 title "The role of costs in price-related extinction threats" @default.
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• W6078302 hasPublicationYear "2014" @default.
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