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    The economic value of reseeding paua (abalone) on the Chatham Islands

    Williamson, Scott
    Abstract
    A paua (abalone) reseeding project on the Chatham Islands is evaluated to find the economic value of the project. The project is evaluated from two accounting stances. First, as a private investment by the paua ITO (individual transferable quota) holders on the Island. Second, the project is evaluated as a regional cost benefit analysis to evaluate the effect on the Chatham Islands. The net present value is the primary decision variable with internal rate of return, cash flow and accumulated capital being used as secondary criteria. The benefits and costs for twenty years are aggregated for the project. Subjective probability distributions are estimated for uncertain variables and the aggregation is done using a Monte Carlo simulation to approximate the distributions associated with the decision variables. The model returned high values for the decision variables, suggesting that the project is economically viable both from private and regional accounting stances.... [Show full abstract]
    Keywords
    paua; Chatham Islands; economic value; reseeding; fisheries management; abalone; cost benefit analysis
    Fields of Research
    070403 Fisheries Management; 1402 Applied Economics
    Date
    1991
    Type
    Thesis
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    Digital thesis can be viewed by current staff and students of Lincoln University only. If you are the author of this item, please contact us if you wish to discuss making the full text publicly available.
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