We analyze the effect of environmental uncertainties on optimal fishery management in a bio-economic fishery model … case of a risk-neutral fishery manager, the overall effect depends on the relative magnitude of two opposing effects, the … high coefficients of constant relative risk aversion. -- Fishery economics ; environmental uncertainty ; constant …

We present a model of a multi-species fishery and show that (i) consumer preferences for seafood diversity may trigger … a sequential collapse of fish stocks under open-access fishery, (ii) the stronger the preferences are for diversity the …. -- Marine biodiversity ; fishery economics ; product differentiation …

-east Arctic Cod fishery, we find that socially efficient privatization would increase the present value of resource rent by 1 …

results for the Northeast Arctic Cod fishery …