Facilitated by remarkable increases in computational speed, simulation models are becoming more and more complex and are being increasingly used in applied economic analysis. However, computational limitations remain a major barrier to the study of dynamically optimal policies. We study the...

Development of a bio-economic model for applications in managing an important north African fishery is reported in this article. The model is applied through identification of baseline conditions and analysis of two alternative fishery management plans; limiting the number of vessels and...

Cost, returns, and economies of scale for small, medium and large catfish farms with recirculating ponds are presented for the upper Texas coast. Internal rates of return are 0.150, 0.183 and 0.219, respectively. Total investment is higher than farms with static ponds but investment per unit...

This paper examines the ability of two new policies to reduce bycatch of red snapper by the shrimp fishery in the Gulf of Mexico: Fractional License and Fractional Gear Programs, as proposed by Townsend, reduce bycatch by reducing the effort levels of shrimp vessels. The policies are evaluated...

In this paper, the authors analyze a wide range of recreational management strategies for their impacts on red snapper yield, economic surplus and the fish stock. Simulating a wide range of policies, the authors find Data Envelopment Analysis (DEA) inspired policy efficiency frontiers that lead...