In the standard economic approach to optimal allocation, aggregate
economic benefit is maximised where the sustainable harvest is allocated
so that marginal net benefits are equal. The model assumes a known
sustainable harvest. It also assumes optimal intrasectoral allocation in each
sector. The Western Australian West Coast demersal fishery, like...
The paper develops a model of recreational fisher behaviour in which
fishers maximize their individual utility by adjusting fishing time, trips,
catch and size of fish caught. It investigates the optimal behaviour or an
individual fisher with and without constraints such as bag limits. The
model is used to assess...