We investigate the relationship between quota enforcement, compliance, and Capital accumulation in ITQ regulated fisheries. Over-extraction and over-capacity represent two of the main fisheries management challenges, and we aim to model and analyze the two jointly. In a stylized resource model,...

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...

Many biological and economic processes in fishery happen seasonally. Most of the extant literature tends to neglect this fact. This work is an initial attempt to treat seasonality in a systematic and proper way. We apply a periodic Bellman approach to obtain the optimal feedback policy of each...

This paper presents a review of recruitment and catch predictions based on an index of abundance of juveniles and pre-recruits (fishery independent index) in the Cuban lobster fisheries. This methodology can provide information based on fisheries data that can improve the management of the fishery.