Distributional Aspects of the Greenland Halibut Fishery

Open online seminar with Frank Jensen, Department of Food and Resource Economics.

Frank's description of the study behind the seminar:

In this paper, we investigate distributional aspects of the optimal industry harvest and profit using Greenland halibut on the west coast of Greenland (Grl. halibut) as an empirical case.

We depart from a theoretical model with two fleet segments (high sea and coastal vessels), and we introduce an exogenous equity weight on the coastal profit in a welfare function. The equity weight is assumed to be greater than or equal to one since the coastal profit may have a greater weight in the welfare function than that for the high sea profit.

Given the absence of data for estimating the exogenous equity weight, we consider the implications of increasing the weight. Regarding the stock size of Grl. halibut, we consider two alternative assumptions: (a) a common fish stock; and (b) separate high sea and coastal fish stocks.

We find that the assumption about the fish stock is more important for the distribution of the optimal harvest and profit than the equity weight.

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How to participate

The seminar is open to all.
The seminar will take place online via Zoom