The Baltic fishery is managed under the European Union Common Fisheries Policy (CFP) which defines procedures for setting annual total allowable catches (TAC) for major commercially harvested species. TACs are given as fixed shares to each member state by applying the principal of relative stability. Poland uses non-tradable individual vessel...
Multispecies fisheries pose a considerable management difficulty with respect to quota allocation between species. Externalities of direct control over the harvest may include, among others, creation of unbalanced predator‐prey relationships in the environment. That, in turn, may affect the individual economic incentives of fishing vessels. Combining economic and ecological factors...
The paper analyzes a situation in which the fishing fleet is subject to restrictive regulation regarding the harvest of its primal target species due to biological overfishing that in turn reveals a high level of overcapacity. The goal is to model fishermen’s expectations and likely responses to the government initiated...
Information acquired by fishermen while fishing play a crucial role in their decision-making process. Those are used to form the basis for update of beliefs on productivity of a range of available fishing grounds while acting in an uncertain environment. In this paper, we focus on the formation of fishermen's...
Fisheries management has been traditionally single-species oriented. Only recently more pressure has been put on developing a holistic, science-based approach that considers the ecosystem as a whole. This approach is widely known as ecosystem-based fisheries management (EBFM). One of the most often highlighted aspects of EBFM is the relevance of predator-prey...