Bioeconomics of Red King Crab in the Barents Sea involves the crab’s dual nature as invader and market commodity. We apply a spatial dynamic model to find the optimal joint management of international invasive species threats with historic management of the Red King Crab by Norway and Russia with different output market choices and assumptions about the damages to benthic habitat that reflect differing preferences. This research sheds light on the economic and ecological tradeoffs faced in rapidly changing Arctic waters and the challenges presented by transboundary resources with differing net benefits to different groups of resource owners.
|Publication status||Published - 2016|
|Event||Southern Economic Association Conference: 86th Annual Meeting - Washington D.C., United States|
Duration: 19. Nov 2016 → 21. Nov 2016
|Conference||Southern Economic Association Conference: 86th Annual Meeting|
|Period||19/11/2016 → 21/11/2016|
Kourantidou , M. (2016). Economics of Arctic Fisheries and Marine Invasive Species Part I: Russia and Norway in the Barents Sea Red King Crab Fishery. Paper presented at Southern Economic Association Conference: 86th Annual Meeting, Washington D.C., United States.