ARAN - Access to Research at NUI Galway

The Rise and Fall of the Irish Orange Roughy Fishery: An Economic Analysis

ARAN - Access to Research at NUI Galway

Show simple item record Foley, Naomi en van Rensburg, Thomas en Armstrong, Claire W. en 2010-11-26T15:06:00Z en 2010-11-26T15:06:00Z en 2010-04 en
dc.identifier.citation Foley N., van Rensburg T. & Armstrong C. (2010) "The Rise and Fall of the Irish Orange Roughy Fishery: An Economic Analysis"(Working Paper No. 0156) Department of Economics, National University of Ireland, Galway. en
dc.identifier.uri en
dc.description.abstract An Irish commercial fishery for orange roughy began in the Northeast Atlantic in 2001 with the assistance of government grants. The fishery began as an open access, non-quota fishery. The rapid boom and bust of many deep water fisheries was experienced. Landings peaked in 2002 and then dropped significantly the following year. Many vessels were forced out of the fishery due to high costs and rapidly declining stocks. By 2005 the fishery was largely closed. We present why the fishery no longer exists with a bioeconomic analysis and we discuss both the external and opportunity costs of the fishery. A bioeconomic model is applied to the available data to assess the open access effort and harvest with and without government grant aid. The results suggest that in the absence of subsidies, deep water trawling would not have been viable. In addition to the financial costs such as high fuel consumption, there are also externalities associated with a deep water trawling. Orange roughy is closely associated with deep water ecosystems such as seamounts and cold water corals. We discuss the costs of damage to cold water corals. These costs include the loss of fish habitats and lost future use and preservation values. en
dc.format application/pdf en
dc.language.iso en en
dc.publisher National University of Ireland, Galway en
dc.relation.ispartofseries working papers;0156 en
dc.subject Economics en
dc.subject Orange roughy en
dc.subject Habitat/cold water coral en
dc.subject Subsidies en
dc.subject.lcsh Department of Economics en
dc.title The Rise and Fall of the Irish Orange Roughy Fishery: An Economic Analysis en
dc.type Working Paper en
dc.description.peer-reviewed peer-reviewed en

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