Trade-offs in triple-bottom-line outcomes when recovering fisheries

Brown, Christopher J., Althor, Glenn, Halpern, Benjamin S., Iftekhar, Md Sayed, Klein, Carissa J., Linke, Simon, Pryde, Elizabeth C., Schilizzi, Steven, Watson, James E M., Twohey, Becky and Possingham, Hugh P. (2018) Trade-offs in triple-bottom-line outcomes when recovering fisheries. Fish and Fisheries, 19 1: 107-116. doi:10.1111/faf.12240


Author Brown, Christopher J.
Althor, Glenn
Halpern, Benjamin S.
Iftekhar, Md Sayed
Klein, Carissa J.
Linke, Simon
Pryde, Elizabeth C.
Schilizzi, Steven
Watson, James E M.
Twohey, Becky
Possingham, Hugh P.
Title Trade-offs in triple-bottom-line outcomes when recovering fisheries
Journal name Fish and Fisheries   Check publisher's open access policy
ISSN 1467-2979
1467-2960
Publication date 2018-01-01
Year available 2018
Sub-type Article (original research)
DOI 10.1111/faf.12240
Open Access Status Not yet assessed
Volume 19
Issue 1
Start page 107
End page 116
Total pages 10
Place of publication HOBOKEN
Publisher Blackwell Publishing Ltd
Language eng
Subject 1910 Oceanography
1105 Ecology, Evolution, Behavior and Systematics
1104 Aquatic Science
2308 Management, Monitoring, Policy and Law
Abstract Almost all environmental management comes at an economic cost that may not be borne equitably by all stakeholders. Here, we investigate how heterogeneity in catch and profits among fishers influences the trade-off among the triple-bottom-line objectives of recovering a fish population, maximizing its economic value and distributing restrictions equitably across fishers. As a case-study, we examine management reform of an ecologically and economically important coral reef fishery operating within the Great Barrier Reef Marine Park. Using a simulation model, we find that total profitability of the fishing industry is 40% lower if recovery plans are equitable when compared to the most economically efficient plan. However, efficient recovery plans were typically highly inequitable because they required some fishers to cease fishing. Equity was defined according to different norms, and the efficiency loss was greatest when catch losses were shared equally across fishers rather than in proportion to their historical catch. We then varied key social, economic and biological parameters to identify cases when equity and efficient recovery would trade-off most strongly. Recovery plans could be both efficient and equitable when heterogeneity in fisher's catches and individual catch efficiencies was lower. If fishers were homogenous then equitable plans could have maximal economic efficiency. These results emphasize the importance of considering heterogeneity in individual fishers when designing recovery plans. Recovery plans that are inequitable may often fail to gain stakeholder support, so in fisheries with high heterogeneity we should temper our expectations for marked increases in profits.
Keyword economic efficiency
Plectropomus
recovery planning
triple-bottom-line
Q-Index Code C1
Q-Index Status Provisional Code
Grant ID DE130100565
DE160101207
DP140100733
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import
 
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Created: Fri, 26 Jan 2018, 17:52:04 EST