FN Archimer Export Format
PT J
TI Risk averse policies foster bio-economic sustainability in mixed fisheries
BT 
AF Tromeur, Eric
   Doyen, Luc
   Tarizzo, Violaine
   Little, L. Richard
   Jennings, Sarah
   Thébaud, Olivier
AS 1:1,2,3;2:2;3:2,4,5;4:5;5:6;6:7;
FF 1:;2:;3:;4:;5:;6:PDG-RBE-EM;
C1 AgroParisTech, Univ Paris-Saclay, 16 rue Claude Bernard, 75231 Paris, France
   CNRS, GREThA, University of Bordeaux, avenue Leon Duguit, 33608 Pessac, France
   Sorbonne Université, iEES Paris, 4 place Jussieu, 75252 Paris, France
   Ecole Polytechnique, Univ Paris-Saclay, Route de Saclay, 91128 Palaiseau, France
   CSIRO, Castray Esplanade, Hobart, TAS 7000, Australia
   UTAS, Hobart, Australia
   AMURE, IFREMER, 10 route de la Trinité, 29280 Plouzané, France
C2 AGROPARISTECH, FRANCE
   CNRS, FRANCE
   UNIV SORBONNE, FRANCE
   UNIV PARIS SACLAY, FRANCE
   CSIRO, AUSTRALIA
   UNIV TASMANIA, AUSTRALIA
   IFREMER, FRANCE
SI BREST
SE PDG-RBE-EM
UM AMURE
IN WOS Ifremer UMR
   copubli-france
   copubli-univ-france
   copubli-int-hors-europe
IF 6.536
TC 5
UR https://archimer.ifremer.fr/doc/00718/83036/88372.pdf
LA English
DT Article
DE ;Bioeconomics;Multispecies fishery;Ecosystem-based fisheries management;Maximum economic yield;Uncertainty;Risk aversion
AB This article examines the role of risk aversion on the sustainable management of mixed fisheries. We consider a bio-economic model of multiple species harvested by a single fleet with uncertain costs of effort. We assume that the regulatory agency aims at reaching MMEY (Multispecies Maximum Economic Yield) by maximizing the expected utility of total profits, where the utility function captures risk aversion. We show analytically that such a risk-averse MMEY mitigates the risk of biological and economic overexploitation of the different species and thus of biodiversity loss. However excessively high risk aversion also may also lessen food production at MMEY. Thus, risk aversion implies a trade-off between different bio-economic goals. These findings are illustrated with the case study of the Australian South East Fishery, where intermediate risk aversion levels allow for balanced bio-economic management objectives, therefore fostering sustainability. 
PY 2021
PD DEC
SO Ecological Economics
SN 0921-8009
PU Elsevier BV
VL 190
UT 000696730300006
DI 10.1016/j.ecolecon.2021.107178
ID 83036
ER

EF