Fisheries management must manage people in order to manage fish. In this sense, understanding fishing behavior is the cornerstone of effective fisheries policy. However, the latency of fish stocks is a major obstacle in empirical studies. This paper addresses this challenge by deriving a stock...

Structural models can assess the effectiveness of fishery management prospectively and retrospectively. However, when only fishery-dependent data are available, structural econometric models are highly nonlinear in the parameters, and maximum likelihood and other extremum-based estimators can...

Economics of the fishery has focused on the wastefulness of common pool resource exploitation. Pure open access fisheries dissipate economic rents and degrade biological stocks. Biologically managed fisheries also dissipate rents but are thought to hold biological stocks at desired levels. We...