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...
We estimated the economic rent obtained currently (that is, in 2002) in the Namibian hake fishery and the rent that might potentially be obtainable if the fishery were managed optimally in the sense of economics. We first reviewed previous economic and biological studies. We then used the theory and model...
Pacific whiting (Merluccius productus) is one of the most commercially valuable fish species in the Pacific coast groundfish fishery, experiences extreme variability in annual recruitment. This variability causes fluctuations in stock abundance and subsequent catch and economic benefits. This study develops a stochastic bioeconomic model of the Pacific whiting fishery...
Coastal nations can impose conditions of use on foreign fishing firms that operate in their Exclusive Economic Zone. We develop a game-theoretical model in which a fishery owner maximizes the revenue that it collects from firms that operate in its EEZ by charging them a fishing fee. We find that...