Lab Seminar - Efficient management and shadow valuation of vulnerable bycatch species


Pierce Donovan presented his research on shadow value viability and bycatch management. Efficient management of a bycatch species requires people to know its shadow value, which is hard to measure. With commercially exploited stocks, this is simply the value of future commercial exploitation. Pierce's solution is to identify the bycatch landing fee that balances the potential rents of a commercial fishery with the survival goal of a vulnerable, non-targeted species.