FOI - The Institute of Food and Resource Economics


Institute of Food and Resource Economics (IFRO) is a department at the University of Copenhagen (UCPH). The total number of people employed at the institute is about 110, and the researchers and academic staff have backgrounds and experience in economics, agricultural and resource economics, agronomy, as well as a wide range of statistical methods and applied research tools.  

IFRO is responsible for the collection and the publication of the Danish cost and earnings statistics for agriculture, horticulture and fisheries. The objective of the Institute is to contribute to a better understanding of the economic aspects of the production, consumption and marketing of food through conducting applied economic research characterised by independence, quality and versatility. The fisheries division works with fisheries economics focussing on bio-economic modelling, fisheries management, fish markets and aquaculture. The division has developed a number of bio-economic models that together covers a broad range of the current needs for combined economic and biological management assessment tools.  

The models include economic optimisation models, as well as dynamic forecast simulation models, and several models combine both aspects. One model is includes space as well as time, and as such makes it possible to model the fishery at a very detailed level. Another model specifically looks at fishermen decision patterns regarding investment/disinvestment in capacity dependent on the earnings. A third model is specifically developed to assess economic consequences of proposed quota patterns for the European fishery. The aspects covered by the different models are easily combined, and as such the department has a strong basis for development of new bio-economic modelling tools. The economic components of the models are developed on the basis of account data for the primary Danish fishery which is made in the Statistical Division of IFRO.  

Contributions to the project

IFRO will contribute to task 4.1 by identifying the annual user value of fish resources under WP 4 on economic and socio-economic indicators. The main task is to develop an economic module for the multi-species biomass model developed under WP 2 and apply the model to identify both the current annual user value and the maximum sustainable annual user value.

The scientific team

Dr. Ayoe Hoff, Senior Researcher (Ph.D. in Physics), has worked development and implementation of bioeconomic management assessment and forecast models for fisheries, with special emphasis on investigating economic consequences of various management schemes, and proposing economically as well as biological viable management measures. This work has primarily been conducted through participation in a wide range EU financed research projects, including among others EFIMAS, AFRAME, CEVIS and PROTECT. This work has led to publication of papers in economic as well as biologically oriented Journals.

Dr Jesper Levring Andersen, senior advisor (M.Sc. Ph.D. in economics), has been involved in productivity analysis in fisheries and the development of bioeconomic models to investigate economic consequences of different fisheries management measures. This has primarily been conducted through participation in various EU financed research projects, but he has also participated in nationally founded projects. Since 2006, he has been vice-chair of the Scientific, Technical and Economic Committee for Fisheries (STECF), and has in relation to this participated in several STECF working groups.

Dr Max Nielsen, associate professor (Ph.D. in economics), has been involved in bio-economic supply analyses and in analyses identifying the resource rent and maximum economic yield of North Atlantic fisheries operating under different fisheries management schemes. Fish markets and prices have also been intensively studied in relation to fisheries management and trade liberalisation. The work has been conducted in wide range of different projects undertaken with national EU, Nordic Council and OECD funding. There are published articles on fisheries economics in several journals.
27 JANUARY 2022