We study optimal fishery management in an age-structured, bio-economic model where two age classes can be harvested independently. We show that the optimal amount of catch differs with age classes, and we derive conditions under which it is optimal to harvest only one age class. Our main policy...

The policy of the fishing sector in Romania, in terms of commercial fishing, it envisages measures that ensure the sustainable exploitation of living aquatic resources, efficient management, stimulating those who work in this sector to unite in associative forms, the collection of statistical...

In standard models of spatial harvesting, the resource is distributed over the complete domain and the agent is able to control the harvesting activity everywhere. In some cases, it is more realistic to assume that the resource is located at a single point and that the agent is required to...

Aquaculture falls within the scope of the Common Fisheries Policy (CFP) using the advantage of common market organization and financial measures as in integral part of this policy. Despite all these advantages, the results obtained from European aquaculture did not live up to expectations. Given...