Regulation of Stochastic Fisheries: A Comparison of Alternative Methods in the Pacific Halibut Fishery

Androkovich, Robert A.; Stollery, Kenneth R.

doi:10.1086/mre.6.2.42629011

Cited by 4 publications

(4 citation statements)

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“…1 Given this situation, a new regulation of the CFP come into force on January 1st, 2003. 2 The objective of this paper is to quantify the losses associated with the exploitation of the CFP in regard to the Northern Stock of Hake from 1986 to 2001. This is a common fishing ground regulated by the CFP which is formed mainly by ICES zones VII and VIII 3 and is exploited by the Spanish and French fleets.…”

Section: Introductionmentioning

confidence: 99%

The optimality of the Common Fisheries Policy: the Northern Stock of Hake

Rocha

Gutiérrez

2006

Spanish Economic Review

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We evaluate the management of the Northern Stock of Hake during [1986][1987][1988][1989][1990][1991][1992][1993][1994][1995][1996][1997][1998][1999][2000][2001]. A stochastic bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits would have been if the optimal Common Fisheries Policy (CFP) consistent with the target biomass implied by the Fischler's Recovery Plan had been implemented. The main finding are: i) an optimal CFP would have generated profits of more than 667 millions euros, ii) if side-payments are allowed (implemented by ITQ's, for example) these profits increase 26%.JEL Classification: Q22, Q28.

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Section: Introductionmentioning

confidence: 99%

The optimality of the Common Fisheries Policy: the Northern Stock of Hake

Rocha

Gutiérrez

2006

Spanish Economic Review

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“…Uncertainty in this context can be associated with the evolution of the resource stock 2 or with demand conditions. Thus both supply and demand shocks could disturb a locally stable …shery and lead to instabilities and over…shing.…”

Section: Introductionmentioning

confidence: 99%

“…As Clark (1990) points out, many stock-recruitment relationships are poorly understood and di¢cult to estimate given the exist-1 See for example Clark (1990). 2 See for example Conrad and Clark (1988, Ch. 5), McDonald and Hanf (1992), Clark (1990, Ch.…”

Section: Introductionmentioning

confidence: 99%

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Instabilities and Robust Control in Fisheries

Roseta-Palma

Xepapadeas

2003

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The opinions expressed in this paper do not necessarily reflect the position of Fondazione Eni Enrico Mattei Terms of use: Documents in Instabilities and Robust Control in Fisheries SummaryDemand and supply analysis in fisheries often indicates the presence of instabilities and multiple equilibria, both in open access conditions and in the socially optimal solution.The associated management problems are further intensified by uncertainty on the evolution of the resource stock or on demand conditions. In this paper the fishery management problem is handled using robust optimal control, where the objective is to choose a harvesting rule that will work, in the sense of preventing instabilities and overfishing, under a range of admissible specifications for the stock recruitment equation. The paper derives robust harvesting rules, leading to a unique equilibrium, which could be used to design policy instruments such as robust quota systems.

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