Bioeconomics of ocean acidification effects on fisheries targeting calcifier species: A decision theory approach

The impact of ocean acidification on fisheries is a relatively new issue facing decision-makers, and one for which very little empirical data is available to draw upon. This paper demonstrates how, despite the lack of knowledge, well-established methods of bioeconomic modelling and decision analysis can be applied to address the challenge. A decision support framework is developed, incorporating a dynamic age-structured bioeconomic model together with a set of decision tables applicable in the absence of known probabilities of future change. With such a model it is possible to trace ocean acidification as an additional stressor, specifically on fisheries targeting calcifier species, such as many high value mollusks.