Abstract
A multi-objective programming model has been applied to investigate conflicting goals of the Norwegian cod fisheries. The goals included in this article are economic rent and employment. Fisheries managers are confronted with the problem of how best to allocate the total allowable catch (TAC) of cod among eight vessel groups. Compromise solutions taking into account both objectives by giving them equal weights in the multi-objective programming model are calculated and discussed. This article is an extension of an earlier article in which the trade-off analysis was performed using data only for North Norway and one particular year. The present analysis includes the entire Norwegian cod fisheries and is carried out using time series data for 2003–2007, examining the annual variations of key economic and technological parameters of the cod fisheries. Based on the results from compromise programming, the article discusses management and policy implications of reallocation of the TAC by vessel groups.
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