Traditional fisheries management schemes provide fishermen with incentives to maximise their individual share of the catch, while individual vessel quota management schemes change incentives to maximise profits from their individual share of the catch. The way that one models the fishermen’s optimisation problem in empirical studies should reflect the changed...
In this paper, a three-country dynamic bio-economic model is presented and used to simulate catch levels, stock size and profit potential of alternative management strategies for the Norwegian spring-spawning herring fishery. Management of the herring fishery is complicated by the migratory behaviour of the species moving between coastal state zones...