This study investigates optimal catch of Barents Sea stocks, namely Northeast Arctic Cod and Capelin in multispecies ecosystem. We solve a multispecies age structured bioeconomic model for predator-prey interaction. Barents Sea stock data from ICES are employed for model application. Among others, we also include sustainability constraint in the model...
Present resource rents in Norway's fisheries were compared for different fleet structures. Alternative values of TACs were assumed, which is consistent with how most fisheries in Norwegian waters are managed. Total allowable catches (TACs) are set on the basis of advice by fisheries biologists where the economics of the industry...