Abstract
This paper considers whether the total allowable catch from a fish stock should be set on the basis of constant fishing mortality or be maintained stable over time. These two strategies are evaluated in terms of expected annual profit, under various assumptions about price and cost relations. The case is illustrated by simulation runs based on stylized facts of the Arcto-Norwegian cod stock.
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References
Hannesson, R. and Steinshamn, S.I. (1989) ‘How to Set Catch Quotas: Constant Effort or Constant Catch?’, Journal of Environmental Economies (forthcoming).
Pope, J.G. (1973) ‘An Investigation into the Effects of Variable Rates of the Exploitation of Fishery Resources’, in Barlett, M.S. and Hiorns, R.W. (eds.), Mathematical Theory of the Dynamics of Biological Populations, 23–34, London.
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© 1990 Kluwer Academic Publishers
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Hannesson, R. (1990). Are Stable Tac’s Desireable?. In: Rodrigues, A.G. (eds) Operations Research and Management in Fishing. NATO ASI Series, vol 189. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3280-0_9
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DOI: https://doi.org/10.1007/978-94-011-3280-0_9
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5448-5
Online ISBN: 978-94-011-3280-0
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