Farmed salmon has become an important export commodity for many countries and regions. The expanding salmon aquaculture industry has, due to its rapid increase, resulted in environmental concerns, most notably relating to the interaction with wildlife, effects of effluents and discharges in local ecosystems, in some regions overuse of antibiotics and development of Antimicrobial Resistance (AMR) and high dependence on fish resources in feeds. As…
Publication Keyword: Regulation
Pattern formation, spatial externalities and regulation in coupled economic–ecological systems
We study the management of ecosystems in which interacting state variables that are affected by management decisions diffuse in space. We study pattern formation first in a setting where economic agents maximize myopic profits and ignore spillovers onto agents at other sites, and second in the context of a social planner who internalizes these spillovers. We compare patterns under these two institutions and study how…
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