1932

Abstract

Since the Blue Revolution began in the late 1960s, global aquaculture production has grown rapidly. Aquaculture now accounts for over half of the world's fish for direct human consumption and is expected to approach two-thirds by 2030. With aquaculture's growth, a number of high-profile concerns have arisen, including pollution, feeding practices, disease management and antibiotic use, habitat use, non-native species, food safety, fraud, animal welfare, impacts on traditional wild fisheries, access to water and space, market competition, and genetics. Managing these concerns requires thoughtful and well-designed policies and regulations. This manuscript reviews the contributions natural resource economics has made to evaluating aquaculture policy and regulation. Despite their valuable contributions, however, economists have been largely underrepresented in the debate. The primary influencers of aquaculture policies and regulations have been traditional fisheries managers, environmental groups, and natural scientists. We identify many important areas that should be more thoroughly addressed by economists.

Loading

Article metrics loading...

/content/journals/10.1146/annurev-resource-100518-093750
2019-10-05
2024-12-10
Loading full text...

Full text loading...

/deliver/fulltext/resource/11/1/annurev-resource-100518-093750.html?itemId=/content/journals/10.1146/annurev-resource-100518-093750&mimeType=html&fmt=ahah

Literature Cited

  1. Abate TG, Nielsen R, Nielsen M 2018. Agency rivalry in a shared regulatory space and its impact on social welfare: the case of aquaculture regulation. Aquacult. Econ. Manag. 22:127–48
    [Google Scholar]
  2. Abate TG, Nielsen R, Tveterås R 2016. Stringency of environmental regulation and aquaculture growth: a cross-country analysis. Aquacult. Econ. Manag. 20:2201–21
    [Google Scholar]
  3. Abolofia J, Asche F, Wilen JE 2017. The cost of lice: quantifying the impacts of parasitic sea lice on farmed salmon. Mar. Resour. Econ. 32:3329–49
    [Google Scholar]
  4. Alston JM, Beddow JM, Pardey PG 2009. Agricultural research, productivity, and food prices in the long run. Science 325:1209–10
    [Google Scholar]
  5. Anders S, Caswell J. 2009. Standards as barriers versus standards as catalysts: assessing the impact of HACCP implementation on U.S. seafood imports. Am. J. Agric. Econ. 91:2310–21
    [Google Scholar]
  6. Anderson JL. 1985a. Market interactions between aquaculture and the common-property commercial fishery. Mar. Resour. Econ. 2:11–24
    [Google Scholar]
  7. Anderson JL. 1985b. Private aquaculture and commercial fisheries: bioeconomics of salmon ranching. J. Environ. Econ. Manag. 12:4353–70
    [Google Scholar]
  8. Anderson JL. 2002. Aquaculture and the future: why fisheries economists should care. Mar. Resour. Econ. 17:2133–51
    [Google Scholar]
  9. Anderson JL. 2003. The International Seafood Trade Boca Raton, FL: CRC Press
    [Google Scholar]
  10. Anderson JL, Asche F, Garlock T 2018. Globalization and commoditization: the transformation of the seafood market. J. Comm. Mark. 12:2–8
    [Google Scholar]
  11. Anderson JL, Bettencourt S. 1992. Status, constraints, and opportunities for salmon culture in the United States: a review. Mar. Fish. Rev. 54:425–33
    [Google Scholar]
  12. Anderson JL, Bettencourt S. 1993. A conjoint approach to model product preference: the New England market for fresh and frozen salmon. Mar. Resour. Econ. 8:31–47
    [Google Scholar]
  13. Anderson JL, Wilen J. 1986. Implications of private salmon aquaculture on prices, production, and management of salmon resources. Am. J. Agric. Econ. 68:4866–79
    [Google Scholar]
  14. Ankamah-Yeboah I, Nielsen M, Nielsen R 2016. Price premium of organic salmon in Danish retail sale. Ecol. Econ. 122:54–60
    [Google Scholar]
  15. Ankamah-Yeboah I, Nielsen M, Nielsen R 2017. Price formation of the salmon aquaculture futures market. Aquacult. Econ. Manag. 21:3376–99
    [Google Scholar]
  16. Asche F. 1997. Trade disputes and productivity gains: The curse of farmed salmon production. Mar. Resour. Econ. 12:67–73
    [Google Scholar]
  17. Asche F. 2001. Testing the effect of an anti-dumping duty: the US salmon market. Empir. Econ. 26:2343–55
    [Google Scholar]
  18. Asche F. 2008. Farming the sea. Mar. Resour. Econ. 23:527–47
    [Google Scholar]
  19. Asche F, Bellemare MF, Roheim C, Smith MD, Tveterås S et al. 2015a. Fair enough? Food security and the international trade of seafood. World Dev 67:151–160
    [Google Scholar]
  20. Asche F, Bjørndal T. 2011. The Economics of Salmon Aquaculture Oxford, UK: Blackwell
    [Google Scholar]
  21. Asche F, Bremnes H, Wessells CR 1999. Product aggregation, market integration and relationships between prices: an application to world salmon markets. Am. J. Agric. Econ. 81:3568–81
    [Google Scholar]
  22. Asche F, Cojocaru A, Roth B 2018a. The development of large scale aquaculture production: a comparison of the supply chains for chicken and salmon. Aquaculture 493:446–55
    [Google Scholar]
  23. Asche F, Cojocaru A, Sikveland M 2018b. Market shocks in salmon aquaculture: the impact of the Chilean disease crisis. J. Agric. Appl. Econ. 50:2255–69
    [Google Scholar]
  24. Asche F, Hansen H, Tveterås R, Tveterås S 2009a. The salmon disease crisis in Chile. Mar. Resour. Econ. 24:4405–11
    [Google Scholar]
  25. Asche F, Larsen TA, Smith MD, Sogn-Grundvåg G, Young JA 2015b. Pricing of ecolabels with retailer heterogeneity. Food Policy 53:82–93
    [Google Scholar]
  26. Asche F, Misund B, Oglend A 2016. Determinants of the Atlantic salmon future risk premium. J. Comm. Mark. 2:16–17
    [Google Scholar]
  27. Asche F, Oglend A, Kleppe T 2017. Price dynamics in biological production processes exposed to environmental shocks. Am. J. Agric. Econ. 99:51246–64
    [Google Scholar]
  28. Asche F, Oglend A, Tveterås S 2013a. Regime shifts in the fish meal/soybean meal price ratio. J. Agric. Econ. 64:97–111
    [Google Scholar]
  29. Asche F, Roll KH, Sandvold HN, Sørvig A, Zhang D 2013b. Salmon aquaculture: larger companies and increased production. Aquacult. Econ. Manag. 17:3322–39
    [Google Scholar]
  30. Asche F, Roll KH, Tveterås R 2009b. Economic inefficiency and environmental impact: an application to aquaculture production. J. Environ. Econ. Manag. 58:193–105
    [Google Scholar]
  31. Asche F, Salvanes KG, Steen F 1997. Market delineation and demand structure. Am. J. Agric. Econ. 79:1139–50
    [Google Scholar]
  32. Asche F, Smith M. 2018. Induced innovation in fisheries and aquaculture. Food Policy 76:1–7
    [Google Scholar]
  33. Asche F, Tveterås R. 1999. Modeling production risk with a two-step procedure. J. Agric. Res. Econ. 24:2424–39
    [Google Scholar]
  34. Asche F, Tveterås S. 2004. On the relationship between aquaculture and reduction fisheries. J. Agric. Econ. 55:2245–65
    [Google Scholar]
  35. Belton B, Bush SR, Little D 2018. Not just for the wealthy: rethinking farmed fish consumption in the Global South. Glob. Food Secur. 16:85–92
    [Google Scholar]
  36. Bene C, Arthur R, Norbury H, Allison EH, Beveridge M et al. 2016. Contribution of fisheries and aquaculture to food security and poverty reduction: assessing the current evidence. World Dev 79:177–96
    [Google Scholar]
  37. Bjørndal T. 1988. Optimal harvesting of farmed fish. Mar. Resour. Econ. 5:2139–59
    [Google Scholar]
  38. Bjørndal T, Guillen J. 2017. Market integration between wild and farmed fish in Spain. Aquacult. Econ. Manag. 21:4433–51
    [Google Scholar]
  39. Bjørndal T, Salvanes KG. 1995. Gains from deregulation? An empirical test for efficiency gains in the Norwegian fish farming industry. J. Agric. Econ. 46:1113–26
    [Google Scholar]
  40. Bjørndal T, Salvanes KG, Andreassan JH 1992. The demand for salmon in France: the effects of marketing and structural change. Appl. Econ. 24:91027–34
    [Google Scholar]
  41. Boyce J, Herrman M, Bischak D, Greenberg J 1993. The Alaska salmon enhancement program: a cost/benefit analysis. Mar. Resour. Econ. 8:293–312
    [Google Scholar]
  42. Brækkan EH, Thyholdt SB, Asche F, Myrland Ø 2018. The demands they are a-changin’. Eur. Rev. Agric. Econ. 45:4531–52
    [Google Scholar]
  43. Bronnmann J, Asche F. 2017. Sustainable seafood from aquaculture and wild fisheries: insights from a discrete choice experiment in Germany. Ecol. Econ. 142:113–19
    [Google Scholar]
  44. Bronnmann J, Hoffman J. 2018. Consumer preference for farmed and ecolabeled turbot: a North German perspective. Aquacult. Econ. Manag. 22:342–61
    [Google Scholar]
  45. Bronnmann J, Loy JP, Schroeder KJ 2016. Characteristics of demand structure and preferences for wild and farmed seafood in Germany: an application of QUAIDS modeling with correction for sample selection. Mar. Resour. Econ. 31:3281–300
    [Google Scholar]
  46. Brummett RE, Alvial A, Kibenge F, Forster J, Burgos JM et al. 2014. Reducing disease risk in aquaculture World Bank Rep. 88257-GLB, World Bank Group, Washington, DC. http://documents.worldbank.org/curated/en/110681468054563438/Reducing-disease-risk-in-aquaculture
    [Google Scholar]
  47. Cacho OJ, Kinnucan HW, Hatch U 1991. Optimal control of fish growth. Am. J. Agric. Econ. 73:1174–84
    [Google Scholar]
  48. Ceballos A, Dresdner-Cid JD, Quiroga-Suazo MA 2018. Does the location of salmon farms contribute to the reduction of poverty in remote coastal areas? An impact assessment using a Chilean case study. Food Policy 75:68–79
    [Google Scholar]
  49. Chen R, Hartarska V, Wilson N 2018. The causal impact of HACCP on seafood imports in the U.S.: an application of difference-in-differences within the gravity model. Food Policy 79:166–78
    [Google Scholar]
  50. Chidmi B, Hansson T, Nguyen G 2012. Substitution between fish and seafood products at the U.S. national retail level. Mar. Resour. Econ. 27:4359–70
    [Google Scholar]
  51. Chu J, Anderson JL, Asche F, Tudur L 2010. Stakeholders’ perceptions of aquaculture and implications for its future: a comparison of the U.S.A. and Norway. Mar. Resour. Econ. 25:161–76
    [Google Scholar]
  52. Chu J, Tudur L. 2014. Looking to grow outside the United States. Mar. Resour. Econ. 29:4323–37
    [Google Scholar]
  53. Dahl RE. 2017. A study on price volatility in the aquaculture market using value-at-Risk (VaR). Aquacult. Econ. Manag. 21:1125–43
    [Google Scholar]
  54. Dahl RE, Jonsson E. 2018. Volatility spillover in aquaculture and fisheries markets. Aquacult. Econ. Manag. 22:3318–41
    [Google Scholar]
  55. Dahl RE, Oglend A. 2014. Fish price volatility. Mar. Resour. Econ. 29:4305–22
    [Google Scholar]
  56. Davidson K, Pan M, Hu W, Poerwanto D 2012. Consumers’ willingness to pay for aquaculture fish products versus wild-caught seafood: a case study in Hawaii. Aquacult. Econ. Manag. 16:136–54
    [Google Scholar]
  57. DePiper GS, Lipton DW, Lipcius RN 2017. Valuing ecosystem services: oysters, denitrification, and nutrient trading programs. Mar. Resour. Econ. 32:11–20
    [Google Scholar]
  58. De Silva SS, Nguyen TTT, Turchini GM, Amarasinghe US, Abery NW 2009. Alien species in aquaculture and biodiversity: a paradox in food production. Ambio 38:124–28
    [Google Scholar]
  59. DeVoretz DJ, Salvanes KG. 1993. Market structure for farmed salmon. Am. J. Agric. Econ. 75:227–33
    [Google Scholar]
  60. Dey MM, Surathkal P, Chen OL, Engle CR 2017. Market trends for seafood products in the USA: implication for Southern aquaculture products. Aquacult. Econ. Manag. 21:125–43
    [Google Scholar]
  61. Diagne A, Keithly WR Jr, Kazmierczak RF Jr 2004. The effect of environmental conditions and regulatory costs on oyster relaying in Louisiana. Mar. Resour. Econ. 19:2211–24
    [Google Scholar]
  62. Diana JS. 2009. Aquaculture production and biodiversity conservation. BioScience 59:127–38
    [Google Scholar]
  63. Engle CR, Stone NM. 2013. Competitiveness of US aquaculture within the current US regulatory framework. Aquacult. Econ. Manag. 17:3251–80
    [Google Scholar]
  64. Ewald CO, Ouyang R. 2017. An analysis of the fish pool market in the context of seasonality and stochastic convenience yield. Mar. Resour. Econ. 32:4431–49
    [Google Scholar]
  65. Ewald CO, Ouyang R, Siu TK 2017. On the market consistent valuation of fish farms: using the real option approach and salmon futures. Am. J. Agric. Econ. 99:1207–24
    [Google Scholar]
  66. FAO (Food Agric. Organ.) 2016. The State of World Fisheries and Aquaculture 2016—Contributing to Food Security and Nutrition for All Rome: FAO
    [Google Scholar]
  67. FAO (Food Agric. Organ.) 2018. FishStatJ Software http://www.fao.org/fishery/statistics/software/fishstatj/en
    [Google Scholar]
  68. Filipski M, Belton B. 2018. Give a man a fishpond: modeling the impacts of aquaculture in the rural economy. World Dev 110:205–223
    [Google Scholar]
  69. Fischer C, Guttormsen AG, Smith MD 2017. Disease risk and market structure in salmon aquaculture. Water Econ. Policy 03:021650015
    [Google Scholar]
  70. Forsberg OI, Guttormsen AG. 2006. The value of information in salmon farming. Harvesting the right fish at the right time. Aquacult. Econ. Manag. 10:3183–200
    [Google Scholar]
  71. Froehlich HE, Runge CA, Gentry RR, Gaines SD, Halpern BS 2018. Comparative terrestrial feed and land use of an aquaculture-dominant world. PNAS 115:205295–300
    [Google Scholar]
  72. GAO (Gov. Acc. Off.) 2012. Seafood safety: responsibility for inspecting catfish should not be assigned to USDA Rep. GAO-12–411, Gov. Acc. Off., Washington, DC. https://www.gao.gov/products/GAO-12-411
    [Google Scholar]
  73. GAO (Gov. Acc. Off.) 2017. Imported seafood safety: FDA and USDA could strengthen effort to prevent unsafe drug residues Rep. GAO-17–443, Gov. Acc. Off., Washington, DC. https://www.gao.gov/products/GAO-17-443
    [Google Scholar]
  74. Glover KA, Solberg MF, McGinnity P, Hindar K, Verspoor E et al. 2017. Half a century of genetic interaction between farmed and wild Atlantic salmon: status of knowledge and unanswered questions. Fish Fish 18:5890–927
    [Google Scholar]
  75. Goldburg R, Naylor R. 2005. Future seascapes, fishing, and fish farming. Front. Ecol. Environ. 3:21–28
    [Google Scholar]
  76. Gordon DV, Bjørndal T. 2009. A comparative study of production factors and productivity for shrimp farms in three Asian countries: Bangladesh, India, and Indonesia. Aquacult. Econ. Manag. 13:2176–90
    [Google Scholar]
  77. Guttormsen AG. 1999. Forecasting weekly salmon prices: risk management in salmon farming. Aquacult. Econ. Manag. 3:159–66
    [Google Scholar]
  78. Guttormsen AG. 2002. Input factor substitutability in salmon aquaculture. Mar. Resour. Econ. 17:91–102
    [Google Scholar]
  79. Hannesson R. 2003. Aquaculture and fisheries. Mar. Policy 27:169–78
    [Google Scholar]
  80. Herrmann ML, Mittelhammer RC, Lin BH 1993. Import demand for Norwegian farmed Atlantic salmon and wild pacific salmon in North America, Japan and the EC. Can. J. Agric. Econ. 41:111–25
    [Google Scholar]
  81. Hoagland P, Jin D, Kite-Powell H 2003. The optimal allocation of ocean space: aquaculture and wild-harvest fisheries. Mar. Resour. Econ. 18:2129–47
    [Google Scholar]
  82. Jacobsen L, Nielsen M, Nielsen R 2016. Gains of integrating sector-wise pollution regulation: the case of nitrogen in Danish crop production and aquaculture. Ecol. Econ. 129:172–81
    [Google Scholar]
  83. Johnson RN. 1990. Commercial wild species rearing: competing groups and regulation. J. Environ. Econ. Manag. 19:2127–42
    [Google Scholar]
  84. Joyce AL, Satterfield TA. 2010. Shellfish aquaculture and first nations’ sovereignty: the quest for sustainable development in contested sea space. Nat. Resour. Forum 34:2106–23
    [Google Scholar]
  85. Kabir M, Ridler NB. 1984. The demand for Atlantic salmon in Canada. Can. J. Agric. Econ. 32:560–68
    [Google Scholar]
  86. Karp L, Sadeh A, Griffin WL 1986. Cycles in agricultural production: the case of aquaculture. Am. J. Agric. Econ. 68:553–61
    [Google Scholar]
  87. Keithly WR Jr, Poudel P. 2008. The Southeast U.S.A. shrimp industry: issues related to trade and antidumping duties. Mar. Resour. Econ. 23:4459–83
    [Google Scholar]
  88. Kinnucan HW, Miao Y. 1999. Media-specific returns to generic advertising: the case of catfish. Agribusiness 15:81–99
    [Google Scholar]
  89. Kinnucan HW, Myrland Ø 2002. The relative impact of the Norway-EU salmon agreement: a mid-term assessment. J. Agric. Econ. 53:2195–219
    [Google Scholar]
  90. Kinnucan HW, Myrland Ø 2006. The effectiveness of antidumping measures: some evidence for farmed Atlantic salmon. J. Agric. Econ. 57:459–77
    [Google Scholar]
  91. Kinnucan HW, Myrland Ø 2007. On generic versus brand promotion of farm products in foreign markets. Appl. Econ. 40:673–84
    [Google Scholar]
  92. Klinger DH, Turnipseed M, Anderson JL, Asche F, Crowder LB et al. 2013. Moving beyond the fished or farmed dichotomy. Mar. Policy 38:1369–74
    [Google Scholar]
  93. Knapp G, Roheim CA, Anderson JL 2007. The Great Salmon Run: Competition Between Wild and Farmed Salmon Washington, DC: Traffic N. Am./World Wildlife Fund
    [Google Scholar]
  94. Knapp G, Rubino MC. 2016. The political economics of marine aquaculture in the United States. Rev. Fish. Sci. Aquac. 24:3213–29
    [Google Scholar]
  95. Kobayashi M, Msangi S, Batka M, Vannuccini S, Dey MM, Anderson JL 2015. Fish to 2030: the role and opportunity for aquaculture. Aquacult. Econ. Manag. 19:3282–300
    [Google Scholar]
  96. Kouka P, Engle C. 1996. Economic implications of treating effluents from catfish production. Aquacult. Eng. 15:4273–90
    [Google Scholar]
  97. Kristofersson D, Anderson JL. 2006. Is there a relationship between fisheries and farming? Interdependence of fisheries, animal production and aquaculture. Mar. Policy 30:6721–25
    [Google Scholar]
  98. Kumar G, Engle CR. 2016. Technological advances that led to growth of shrimp, salmon, and tilapia farming. Rev. Fish. Sci. Aquac. 24:2136–52
    [Google Scholar]
  99. Kumbhakar SC, Tveterås R. 2003. Risk preferences, production risk and firm heterogeneity. Scand. J. Econ. 105:2275–93
    [Google Scholar]
  100. Kvaløy O, Tveterås R. 2008. Cost structure and vertical integration between farming and processing. J. Agric. Econ. 59:296–311
    [Google Scholar]
  101. Landazuri-Tveterås U, Asche F, Gordon DV, Tveterås S 2018. Farmed fish to supermarket: testing for price leadership and price transmission in the salmon supply chain. Aquacult. Econ. Manag. 22:1131–49
    [Google Scholar]
  102. Lasner T, Brinker A, Nielsen R, Rad F 2017. Establishing a benchmarking for fish farming—profitability, productivity and energy efficiency of German, Danish and Turkish rainbow trout grow-out systems. Aquacult. Res. 48:3134–48
    [Google Scholar]
  103. Liu P, Lien K, Asche F 2016. The impact of media coverage and demographics on the demand for Norwegian salmon. Aquacult. Econ. Manag. 20:4342–56
    [Google Scholar]
  104. Love DC, Groski I, Fry JR 2017. An analysis of nearly one billion dollars of aquaculture grants made by the US federal government from 1990 to 2015. J. World Aquacult. Soc. 48:5689–710
    [Google Scholar]
  105. Luo MF, Opaluch JJ, Anderson JL, Schnier K 2012. Managing the intentional introduction of nonnative species. Oysters: Physiology, Ecological, Distribution and Mortality JG Qin 101–46 New York: Nova Sci.
    [Google Scholar]
  106. Martínez-Garmendia J, Anderson JL. 1999. Hedging performance of shrimp futures contracts with multiple deliverable grades. J. Fut. Mark. 19:8957–90
    [Google Scholar]
  107. Mikkelsen E. 2007. Aquaculture-fisheries interactions. Mar. Resour. Econ. 22:3287–303
    [Google Scholar]
  108. Misund B, Oglend A, Pincinato RBM 2017. The rise of fish oil: from feed to human nutritional supplement. Aquacult. Econ. Manag. 21:2185–210
    [Google Scholar]
  109. Muhammad A, Jones KG. 2011. Source-based preferences and U.S. salmon imports. Mar. Resour. Econ. 26:191–209
    [Google Scholar]
  110. Nadarajah S, Flåten O. 2017. Global aquaculture growth and institutional quality. Mar. Policy 84:142–51
    [Google Scholar]
  111. Naylor R, Goldburg RJ, Primavera JH, Kautsky N, Beveridge MCM et al. 2000. Effect of aquaculture on world fish supplies. Nature 405:1017–24
    [Google Scholar]
  112. Naylor RL, Hardy RW, Bureau DP, Chiu A, Elliot M et al. 2009. Feeding aquaculture in an era of finite resources. PNAS 106:3615103–10
    [Google Scholar]
  113. Naylor RL, Williams SL, Strong DR 2001. Aquaculture—a gateway for exotic species. Science 294:1655–56
    [Google Scholar]
  114. Nielsen R. 2012. Introducing individual transferable quotas on nitrogen in Danish fresh water aquaculture: production and profitability gains. Ecol. Econ. 75:83–90
    [Google Scholar]
  115. Nielsen R, Andersen JL, Bogetoft P 2014. Dynamic reallocation of marketable nitrogen emission permits in Danish freshwater aquaculture. Mar. Resour. Econ. 29:3219–39
    [Google Scholar]
  116. NMFS (Natl. Mar. Fish. Serv.) 2017. Fisheries of the United States 2016 NOAA Curr. Fish. Stat. 2016, US Dep. Commer., Washington, DC. https://www.fisheries.noaa.gov/resource/document/fisheries-united-states-2016-report
    [Google Scholar]
  117. NRC (Natl. Res. Counc.) 1992. Marine Aquaculture: Opportunities for Growth Washington, DC: Natl. Acad. Press
    [Google Scholar]
  118. OECD/FAO (Organ. Econ. Coop. Dev./Food Agric. Organ.) 2018. OECD-FAO Agricultural Outlook 2018–2027 Paris: OECD
    [Google Scholar]
  119. Oglend A. 2013. Recent trends in salmon price volatility. Aquacult. Econ. Manag. 17:3281–99
    [Google Scholar]
  120. Olson TK, Criddle KR. 2008. Industrial evolution: a case study of Chilean salmon aquaculture. Aquacult. Econ. Manag. 12:89–106
    [Google Scholar]
  121. Osmundsen TC, Almklov P, Tveterås R 2017. Fish farmers and regulators coping with the wickedness of aquaculture. Aquacult. Econ. Manag. 21:1163–83
    [Google Scholar]
  122. Primavera JH. 2006. Overcoming the impacts of aquaculture on the coastal zone. Ocean Coast. Manag. 49:531–45
    [Google Scholar]
  123. Quezada F, Dresdner J. 2017. What can we learn from a sanitary crisis? The ISA virus and market prices. Aquacult. Econ. Manag. 21:2211–40
    [Google Scholar]
  124. Regnier E, Schubert K. 2017. To what extent is aquaculture socially beneficial? A theoretical analysis. Am. J. Agric. Econ. 99:1186–206
    [Google Scholar]
  125. Renwick A. 2018. Regulatory challenges to economic growth in aquaculture: the case of licensing in the Irish oyster industry. Mar. Policy 88:151–57
    [Google Scholar]
  126. Roheim CA, Bush SB, Asche F, Sanchirico J, Uchida H 2018. Evolution and future of the sustainable seafood market. Nat. Sustain. 1:8392–98
    [Google Scholar]
  127. Roheim CA, Sudhakaran P, Durham C 2012. Certification of shrimp and salmon for best aquaculture practice: assessing consumer preferences in Rhode Island. Aquacult. Econ. Manag. 16:266–86
    [Google Scholar]
  128. Salvanes KG. 1988. Salmon aquaculture in Norway: an empirical analysis of cost and production properties PhD Dissertation, Nor. Sch. Econ. Bus. Admin., Bergen
    [Google Scholar]
  129. Salvanes KG, DeVoretz DJ. 1997. Household demand for fish and meat products: separability and demographic effects. Mar. Resour. Econ. 12:37–55
    [Google Scholar]
  130. Sharma KR, Leung P. 2003. A review of production frontier analysis for aquaculture management. Aquacult. Econ. Manag. 7:15–34
    [Google Scholar]
  131. Smith MD, Asche F, Guttormsen AG, Wiener JB 2010a. Genetically modified salmon and full impact assessment. Science 330:1052–53
    [Google Scholar]
  132. Smith MD, Roheim CA, Crowder LB, Halpern BS, Turnipseed M et al. 2010b. Sustainability and global seafood. Science 327:784–86
    [Google Scholar]
  133. Surathkal P, Dey M, Engle CR, Chidmi B, Singh K 2017. Consumer demand for frozen seafood product categories in the United States. Aquacult. Econ. Manag. 21:19–24
    [Google Scholar]
  134. Sylvia G, Anderson JL, Cai D 1996. A multilevel, multiobjective policy model: the case of marine aquaculture development. Am J. Agric. Econ. 78:179–88
    [Google Scholar]
  135. Sylvia G, Anderson JL, Hanson E 2000. The new order in global salmon markets and aquaculture development: implications for watershed-based management in the Pacific Northwest. Sustainable Fisheries Management: Pacific Salmon EE Knudsen, CR Steward, DD MacDonald, JE Williams, DW Reiser 393–405 New York: CRC Press
    [Google Scholar]
  136. Tacon AGJ, Metian M. 2008. Global overview on the use of fishmeal and fish oil in industrially compounded aquafeeds: trends and future prospects. Aquaculture 285:146–58
    [Google Scholar]
  137. Troell M, Naylor RL, Metian M, Beveridge M, Tyedmers PH et al. 2014. Does aquaculture add resilience to the global food system. PNAS 111:3713257–63
    [Google Scholar]
  138. Tveterås R. 1999. Production risk and productivity growth: some findings for Norwegian salmon aquaculture. J. Prod. Anal. 12:161–79
    [Google Scholar]
  139. Tveterås R, Wan GH. 2000. Flexible panel data models for risky production technologies with an application to salmon aquaculture. Economet. Rev. 19:367–89
    [Google Scholar]
  140. Tveterås R, Batteese GE. 2006. Agglomeration externalities, productivity and technical inefficiency. J. Reg. Sci. 46:605–25
    [Google Scholar]
  141. Tveterås R, Heshmati A. 2002. Patterns of productivity growth in the Norwegian salmon farming industry. Int. Rev. Econ. Bus. 49:367–93
    [Google Scholar]
  142. Tveterås S. 2002. Norwegian salmon aquaculture and sustainability: the relationship between environmental quality and industry growth. Mar. Resour. Econ. 17:121–32
    [Google Scholar]
  143. Tveterås S, Asche F, Bellemare MF, Smith MD, Guttormsen AG et al. 2012. Fish is food—the FAO's fish price index. PLOS ONE 7:5e36731
    [Google Scholar]
  144. Valderrama D, Anderson JL. 2010. Market interactions between aquaculture and common-property fisheries: recent evidence from the Bristol Bay sockeye salmon fishery in Alaska. J. Environ. Econ. Manag. 59:2115–28
    [Google Scholar]
  145. Valderrama D, Anderson JL. 2013. Improving the economic management of the Bristol Bay (Alaska) sockeye salmon fishery in the age of aquaculture. Can. J. Agric. Econ. 61:2145–70
    [Google Scholar]
  146. Van Senten J, Engle CR 2017. The costs of regulations on US baitfish and sportfish producers. J. World Aquacult. Soc. 48:3503–17
    [Google Scholar]
  147. Van Senten J, Engle CR, Hartman K, Johnson KK, Gustafson LL 2018. Is there an economic incentive for farmer participation in a uniform health standard for aquaculture farms? An empirical case study. Prev. Vet. Med. 156:58–67
    [Google Scholar]
  148. Vukina T, Anderson JL. 1993. A state-space forecasting approach to optimal intertemporal cross-hedging. Am. J. Agric. Econ. 75:416–24
    [Google Scholar]
  149. Wessells CR, Johnston RJ, Donath H 1999. Assessing consumer preferences for ecolabeled seafood: the influence of species, certifier and household attributes. Am. J. Agric. Econ. 81:1084–89
    [Google Scholar]
  150. Wessells CR, Wilen JE. 1994. Seasonal patterns and regional preferences in Japanese household demand for seafood. Can. J. Agric. Econ. 42:87–103
    [Google Scholar]
  151. Wui Y, Engle CR. 2007. The economic impact of restricting use of black carp for snail control on hybrid striped bass farms. N. Am. J. Aquacult. 69:2127–38
    [Google Scholar]
  152. Xie J, Zhang D. 2014. Imperfect competition and structural changes in the US salmon import market. Mar. Resour. Econ. 29:4375–89
    [Google Scholar]
  153. Ye Y, Beddington JR. 1996. Bioeconomic interactions between the capture fishery and aquaculture. Mar. Resour. Econ. 11:2105–23
    [Google Scholar]
/content/journals/10.1146/annurev-resource-100518-093750
Loading
/content/journals/10.1146/annurev-resource-100518-093750
Loading

Data & Media loading...

  • Article Type: Review Article
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error