Optimal fishery management

An Experimental Analysis of Optimal Renewable Resource Management: the Fishery‡

Abstract This paper investigates experimentally the extraction-decisions of a sole-owner of a fishery, the population dynamics of which behave according to the standard deterministic logistic growth model. Four treatments were implemented which differed in the level of information supplied to the experimental subjects. The theoretical solution was used to evaluate the behaviour of the subjects ...

Towards the Optimal Management of the Northeast Arctic Cod Fishery

The objectives pursued by governments managing fisheries may include maximizing profits, minimizing the impact on the marine ecosystem, or securing employment, which all require adjusting the composition of the fishing fleet. We develop a management plan that can be adapted to those objectives and allows the regulator to compare the long-run profits between the various management options. We ap...

Fishery Management Under Multiple Uncertainty

Among others who point to environmental variability and managerial uncertainty as causes of fishery collapse, Roughgarden and Smith (1996) argue that three sources of uncertainty are important for fisheries management: variability in fish dynamics, inaccurate stock size estimates, and inaccurate implementation of harvest quotas. We develop a bioeconomic model with these three sources of uncerta...

Precious The Corals Fishery Management Plan of the Western Pacific Regional Fishery Management Council

White Paper On Ecosystem - Based Fishery Management For New England Fishery Management Council