Price and revenue projections under alternative policy shocks due to the coronavirus: Canadian lobster and snow crab.
Coronavirus
Landed prices
Lobster
Policy alternatives
Revenue
Snow crab
Journal
Marine policy
ISSN: 0308-597X
Titre abrégé: Mar Policy
Pays: Netherlands
ID NLM: 101668754
Informations de publication
Date de publication:
Aug 2021
Aug 2021
Historique:
received:
16
12
2020
revised:
14
04
2021
accepted:
22
04
2021
entrez:
25
10
2021
pubmed:
26
10
2021
medline:
26
10
2021
Statut:
ppublish
Résumé
The coronavirus will have serious consequences for the fishing industry. The purpose here is to simulate price and revenue outcomes for Canadian lobster and snow crab markets under alternative policy shocks due to the coronavirus. Predictions are based on three policy scenarios representing upper and lower bounds on the range of possible landings and economic outcomes for the period 2019-2021. Based on past research, demand equations for both the lobster and snow crab markets are used to empirically simulate price projections. The results for snow crab are startling with predicted serious declines in price and generated revenue, particularly for Québec and Newfoundland and Labrador (NL). Compared to 2018, projections suggest a decline in average revenue for 2021 of - 18% Gulf, - 32% Maritimes, - 53% Québec, and - 57% NL. The outcome for lobster is not as bleak, projections showing a 21% decline in revenue for 2020 but with recovery in 2021.
Identifiants
pubmed: 34690404
doi: 10.1016/j.marpol.2021.104556
pii: S0308-597X(21)00167-6
pmc: PMC8522118
doi:
Types de publication
Journal Article
Langues
eng
Pagination
104556Informations de copyright
© 2021 Elsevier Ltd. All rights reserved.
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