Table 1 Summary of changes in poaching, trading, and farming harvest and profit, as well as the steady state population of the wild totoaba stock under different cost and market structures
From: Substantial gains and little downside from farming of Totoaba macdonaldi
Cost and Market Structure Scenario | Poaching mt (% change) | Farmed Harvest mt | Steady State Population mt (% change) | Trader Profit $ million USD (profit change) | Poaching Profit $ million USD (profit change) | Farming Profit $ million USD |
|---|---|---|---|---|---|---|
Quadratic Cost | ||||||
Monopoly | 509.64 (0%) | 0 | 17,259 (0%) | 406.15 (0) | 8.14 (0) | 0 |
Quantity Adjustment | 369.87 (−27.42%) | 330.94 | 18,182 (5.35%) | 213.93 (−192.22) | 3.86 (−4.28) | 170.66 |
Price setting | 520.27 (2.09%) | 425.30 | 17,184 (−0.43%) | 105.82 (−300.33) | 8.56 (0.42) | 70.11 |
Linear Quadratic Cost | ||||||
Monopoly | 507.04 (0%) | 0 | 17,277 (0%) | 402.02 (0) | 1.22 (0) | 0 |
Quantity Adjustment | 363.71 (−28.27%) | 333.6 | 18,220.5 (5.46%) | 206.87 (−195.16) | 0.57 (−0.66) | 173.43 |
Price setting | 536.7 (5.85%) | 430.05 | 17,235 (−0.24%) | 88.18 (−313.84) | 3.57 (2.34) | 58.14 |
