Abstract
Fishing vessels, harvesting geographically dispersed and heterogeneous multispecies aggregates, are presumed to target on the most profitable pools. But, this behavior may lead to depletion of biologically valuable species, and consequent early closure by the management agency of the entire fishery.In this article, a simple model is analyzed in order to understand the dynamics of such targeting behavior. Further analysis explores the theoretical extent to which targeting might be altered through economic rationalization measures, landings taxes or quota markets, to achieve a more nearly optimal pattern of exploitation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
