This paper examines the regulatory decision problem facing fishery managers tasked with balancing desirable fish catch with undesirable bycatch. I approach the problem using Bayesian decision analysis. I first estimate a model of production, accounting for the fishery’s joint production of desirable and undesirable outputs. I then use the estimated...
We present a positive mathematical programming model (PMP) for Hawaii's longline fishing fleet with the aim of examining the outcome of specific fishery policies. This model expands an earlier model which developed a generalized adaptation of the PMP framework to study fisheries. The current model provides managers with a realistic...