Dynamic modelling of socio-economic benefits of resource allocation between commercial and recreational use

Funded Activity Summary

Fisheries management (and stakeholders) at both State and national level do not have a well defined and documented framework and tested tool that is capable of modeling the way that changes in key variables impact on commercial and recreational relative use values over time and how this in turn affects socially optimum allocations through time. As a consequence,fisheries management is not well placed to be confident that decisions taken today are consistent with long term socially optimal outcomes.

In looking for a framework and set of tools to evaluate resource allocation options and to measure socially optimal allocations for the purposes of satisfying legislative, including ESD, objectives, decision makers have expressed a need for:
(1) a more general dynamic framework to look at optimal resource allocation through time .
(2) a socio-economic analytical framework with a consistent methodology and additional set of tested tools that explicitly take into account variables impacting on the optimization of socio-economic benefits from commercial and recreational uses through time;
(3) practical guidance in the application of the dynamic framework and advanced methodologies to address inter-sectoral related resource-sharing issues over time; and
(4) additional supporting methodologies and tools for WA Fisheries Department (and other fisheries Agencies throughout Australia) to use in the development of an integrated coastal fisheries management initiative that will provide a consistent framework for socio-economic analysis in addressing inter-sectoral resource allocation options over time.


Objectives:
1. The development of a general framework that provides a theoretical basis for identifying key variables that impact on commercial and recreational use values over time
2. The documentation of a robust dynamic model capturing the significant variables that impact on these values over time and how these impact on socially optimum resource allocation through time and which allow simulations of the optimal resource allocations over time.
3. The demonstration of the application of the dynamic framework and model through three case studies associated with the current FRDC supported socio-economic valuation project (2001/065). This will advance the outputs from project 2001/065 in a logical, consistent and stepwise way

Funded Activity Details

Start Date: 30-06-2003

End Date: 09-09-2006

Funding Scheme: Funding Scheme not available

Funding Amount: $154,200.00

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Economic | Fishing Effort | Modelling | Recreational Fishing

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