We can't find the internet
Attempting to reconnect
Something went wrong!
Hang in there while we get back on track
Fishing for Litter: Creating an Economic Market for Marine Plastics in a Sustainable Fisheries Model
AI summary Read the abstract
Researchers developed a dynamic economic optimization model to examine how marine litter creates inefficiencies in the fisheries sector, showing that when the negative externality of marine litter is ignored, fish harvest increases while ocean quality deteriorates. The study explored a hypothetical 'fishing-for-litter' market mechanism as an incentive scheme that could align fishermen's economic interests with marine litter removal.
This paper studies an economy specialized in fisheries facing a rising marine litter problem. We present a dynamic optimization model to explain the mechanism through which marine litter causes inefficiencies in the fishery sector. We do so by investigating the properties of the model when the marine litter externality is internalized through the price of fish. We find that if the marine litter externality is neglected, fish harvest increases, and ocean quality deteriorates. We subsequently explore the possibility of introducing an incentive scheme where marine litter can be traded in a hypothetical market. The introduction of a so-called fishing-for-litter market removes the inefficiencies caused by fishermen neglecting marine litter and provides a direct incentive for them to maximize overall welfare through resource recovery, i.e. by converting plastic waste into a new valuable resource.
More Papers Like This
The hidden costs of plastic pollution: a call to value its unpriced externalities
AI summary Read the abstract
Researchers examined the unpriced externalities of plastic pollution — encompassing ecological, fisheries, and public health costs not captured in market prices — and called for economic frameworks that assign monetary value to these hidden damages to drive more effective policy intervention.
Theoretical Model for Circular Plastic Practices in the Fishing Industry
AI summary Read the abstract
Researchers developed a theoretical model to quantify the socioeconomic costs and benefits of circular plastic practices in the fishing industry, finding that policies incentivizing retrieval and recycling of abandoned gear could reduce ghost fishing while generating net economic value for fishing communities.
The Economics of Marine Litter
AI summary Read the abstract
This paper analyzed the economics of marine litter, estimating the costs imposed on fishing, tourism, and coastal communities and arguing that the economic case for prevention and cleanup is substantial.
Abandoned, lost, or discarded fishing gear recycling and regeneration: A stochastic evolutionary game model for marine plastic reuse.
AI summary Read the abstract
Lost and abandoned fishing gear is a major source of ocean plastic pollution. This study used a mathematical model to examine how fishermen, recycling companies, and governments might behave under different costs, subsidies, and random disturbances, finding that moderate subsidies encouraged cooperation while high subsidies reduced government involvement.
How much are we responsible for removing ocean plastic pollution ?
AI summary Read the abstract
Researchers developed an integrated system dynamics and input-output model to simulate global marine plastic waste trends through 2050, quantifying the economic effort required from producers and consumers to achieve plastic removal targets across shoreline, coastal, and offshore ocean domains.
Research digests by email
When a large batch of papers lands in the Atlas, we read through it and send a short write-up of what stood out.