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The multispecies fisheries management looks at a bigger picture in addressing the long-term consequences of present decisions. This implies an ecosystem management that includes a number of species and their physical, biological and economic interactions. These interactions make the growth of...
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The effects of random environmental impacts on optimal exploitation of a fish population are investigated using both optimization and simulation, based on a discrete-time age-structured bioeconomic model. The optimization problem is solved as a non-linear programming problem in GAMS. First, a...
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We develop a bioeconomic model to analyze a sole-owner fishery with fixed costs as well as a continuous cost function … data from the North Sea herring fishery, we analyze the consequences of the combined effects of increasing marginal returns …
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Economics of the fishery has focused on the wastefulness of common pool resource exploitation. Pure open access … Mexico gag fishery that questions the presumptive success of biological management. Unlike previous bioeconomic life history … behavior plays an important role in fishery management failures …
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We present a continuous, nonlinear, stochastic and dynamic model for capital investment in the exploitation of a renewable resource. Both the resource stock and capital stock are treated as state variables. The resource owner controls fishing effort and the investment rate in an optimal way....
Persistent link: https://www.econbiz.de/10013118611
fishery and simulated economic and ecological data, we show that it is possible in certain circumstances to recover both … empirically with data from the Gulf of Mexico reef-fish fishery. We conclude with a discussion of key policy and institutional …
Persistent link: https://www.econbiz.de/10012726400