NDLI: What saved the whales? An economic analysis of 20th century whaling

Content Provider	Springer Nature Link
Author	Schneider, Viktoria Pearce, David
Copyright Year	2004
Abstract	Catches of whales show a historically cyclical pattern, with catches declining as stocks of the financially most attractive species fell, but expanding as substitute species were caught. Total combined catch peaked in the early 1960s and fell thereafter to the current regulated levels. While it is widely thought that international whaling agreements account for the current stable stock levels, economic analysis reveals that market forces leading to reduced catch were already in place well before the agreements took hold. To some extent, therefore, catches were destined to decline as whale products ceased to be commercially attractive on a large scale. Using econometric analysis, the paper shows the various forces at work: declining stocks, the rise of substitute products, internationally increasing environmentalism, and rising incomes. Of these forces, stock decreases, which resulted in high unit catch costs, and income growth, which reduced rather than increased demand, were the most important factors, with regulation following, rather than leading, catch changes.
Starting Page	543
Ending Page	562
Page Count	20
File Format	PDF
ISSN	09603115
Journal	Biodiversity and Conservation
Volume Number	13
Issue Number	3
e-ISSN	15729710
Language	English
Publisher	Kluwer Academic Publishers
Publisher Date	2004-01-01
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Evolutionary Biology Tree Biology Plant Sciences
Content Type	Text
Resource Type	Article
Subject	Ecology Ecology, Evolution, Behavior and Systematics Nature and Landscape Conservation

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