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Title: Economic Evaluation of Inland Fisheries Module A: Economic Evaluation of Fishing Rights
Author: A F Radford
Author: G Riddington
Author: D Tingley
Author: Environment Agency
Document Type: Monograph
Annotation: Environment Agency Project ID:EAPRJOUT_1209, Representation ID: 384, Object ID: 2426
Module A concerns itself with the market values for inland fisheries. Apart from a few studies of salmon fisheries, very little economic work has been undertaken on the market value of these fisheries and their sensitivity to changes in fishery characteristics. There is an extensive, and largely North American, literature on the economic evaluation of fishery resources, but virtually all of this relates to the calculation of consumers’ surplus in unpriced recreational fisheries. Almost all the inland fisheries of England and Wales are in private ownership and can be bought and sold in the market place. The study has established that the inland fisheries of England and Wales are extremely valuable economic assets with a combined value of £3,032m with only 4.8% of this attributed to Welsh fisheries. It is reassuring that the estimated total value of salmon fisheries is very similar to the Radford (1991) estimate. Coarse fisheries are undoubtedly the most valuable category of fishery type and we were surprised that coarse fisheries accounted for over 75% of the total market value of all inland fisheries. A declared aim of Module A is to evaluate the trends in the value of fishing rights, and to indicate the rate of change of values with a view to establishing a frequency for reviewing these values. We remain convinced that market data are a potentially important source of useful performance indicators. An examination of the available information of salmon and trout fisheries concluded that it would be unwise to devote resources to collecting and analysing actual transaction in individual fisheries. The Agency should however consider requesting that specialist agents and fishery consultants submit an annual return on a range of average values for different types of fisheries (values per acre, per metre of bank, per salmon etc). Elasticity coefficients are probably relatively stable over time, and given that large numbers of observations on individual fisheries are required to estimate them, less frequent updating would be appropriate.
Publisher: Environment Agency
Subject Keywords: FisheriesSurface waterRiversLakesCanalsInland fisheriesEconomic analysisCoarse fishesSalmon fisheriesFreshwater ecology
Extent: 171
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