Valuing bioeconomic impacts of regulation on nutrient loads mediated by invasive mussels in Lake Michigan

Current calls to correct the perturbed ecosystems and nutrient imbalances of the Laurentian Great Lakes focus on setting target nutrient levels that will be met by environmental and economic regulations to reduce the flow of excess nutrients into the lakes. While these standard types of regulations have been successful in the past, it is unclear whether they will achieve similar ecological and economic successes now amid possible ecosystem regime shifts triggered by invasive mussels. We compute the bioeconomic costs and benefits of hypothetical regulations designed to target nutrient loads in present-day Lake Michigan through agricultural operations, which are known to be nonpoint source polluters of the aquatic ecosystem network. Our results show how reducing nutrient loads may exacerbate spatially disparate ecosystem issues that generate overall economic losses. Conversely, and counterintuitively, allowing for more nutrient loading could generate economic gains over our assessment timeframe. We determine that implementation of standard nutrient target policies are costly and likely inadequate for current dreissenid-affected aquatic ecosystems experiencing nutrient imbalances because they disregard the interactive role of invasive mussels in nutrient cycling.

Socio-Ecological Outcomes of Single-Species Fisheries Management: The Case of Yellow Perch in Lake Erie

This manuscript uses seminal models in fisheries economics to assess the ecosystem effects of policy focused on sustainable management of a single fish stock. Economic models representing fishing decisions under open access and two fisheries management schemes are parameterized using data from the four management units in the Lake Erie Yellow Perch (Persus flavenscens) fishery and linked with an end-to-end ecosystem model representative of the lake food web and spatial species interactions. We find that the sustainable harvest rules from single species economic models result in significant changes to biomass of species in planktivorous, omnivorous, and piscivorous groups in the ecosystem model. These impacts can be traced through the food web back to harvest rules implemented in the management units. Most notably, the biomass of several non-target but also commercially harvested fish species are reduced through Yellow Perch fishing. In some cases, the economic losses to coexisting fisheries exceeds benefits gained from implementing the Yellow Perch management scheme. Our results imply that while an ecosystem-based approach to fisheries management requires weighing trade-offs between multiple fisheries, an ex ante understanding of the whole-system consequences of harvest rules can be critical for developing policy that overall enhances ecological and social wellbeing.