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Flexible Seasonal Closures in the Northern Prawn Fishery

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Abstract
  • Given high levels of uncertainty associated with fish stocks, predetermined access rights to the fishery may not deliver the most efficient outcome. Real time monitoring of the fishery could allow effort to be expanded or decreased in accordance with a set of performance indicators. The potential for using real time performance indicators in the Australian northern prawn fishery is examined in this paper using a stochastic optimal control model of the fishery. The results indicate that the benefits of using real time performance monitoring to control fishery access may be limited. However, this result may depend critically on the relationship between surviving stocks and future recruits to the fishery.
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  • Beare, Stephen, Chapman, L. and Bell, Rosalyn. Flexible Seasonal Closures in the Northern Prawn Fishery. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
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  • Corvallis, Oregon, USA
Proceedings Editors
  • Johnston, Richard S.
  • Shriver, Ann L.
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  • International Institute of Fisheries Economics and Trade
  • U.S. National Marine Fisheries Service
  • MG Kailis Group
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