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...