A Methodological Note for the Development of Integrated Aquaculture Models

Aquaculture production can yield significant economic, social, and environmental effects. These exceed the financial costs and benefits aquaculture producers are faced with. The methodology develops on a Social Cost-Benefit Analysis context and it includes three parts: (i) environmental, that captures the interactions of aquaculture with the environment, (ii) economic, that makes provision for the incorporation of economic determinants in the production models and (iii) social, that introduces the social preferences to the production and management process. Alternatives to address data availability issues are also discussed.