In 2003, an industry-financed, government-administered buyback of trawl
fishing permits and vessels took place on the US West Coast, resulting in
the retirement of about one-third of the limited-entry trawl fleet. The lack
of cost data in this fishery precludes an analysis of how the buyback has
affected profitability, but...
A major simplification in bioeconomic models is that the model parameters
and functional forms are assumed known. In fisheries, the failure to capture
model uncertainty can easily cause overconfidence in model outputs and
resultant policy recommendations. Although fisheries modelers regularly
assume rather complete knowledge of the systems they study, in...
Researchers rely on bioeconomic models to guide research and generate fishery management advice for commercial fisheries. Due partly to a paradigm shift towards ecosystem based fishery management, increasing complexity in the characteristics of the problems has meant that bioeconomic simulation models are becoming more prevalent in the fisheries literature. However...
Advancing the understanding of natural resource management is an important step in mitigating the effects of human activity on the environment, and ensuring efficient outcomes for many sectors of the economy. As humanity’s role in the natural world becomes better understood, the importance of interdisciplinary modeling has grown in leaps...