In this paper an extended version of the well-known Faustmann model is developed for solving the rotation problem in fish farming. Two particularly important aspects of the problem are emphasized: namely first, the possibilities for cycles in relative price relationships and second, the problem with limitations in release time for...
In many situation, fishing activity adversely impacts the state of the marine ecosystem, impacts which feed back to affect fish stocks. Some ecosystems appear to have multiple equilibria and exhibit hysteresis, whereby they can become stuck in low productivity states. We show how adding ecosystem dynamics to a classic fisheries...
Over the past fifteen years, the market for bluefin tuna has evolved in an attempt to further enhance the economic value of bluefin tuna landings. Historically, the US East Coast has been a major supplier of high quality bluefin tuna to Japan, the primary market for sashimi grade tuna. To...
Increasingly fishery managers are expected to take an ecosystem approach to fisheries management that accounts for the interrelationships of target species as well as non-target species and habitat. Fishery managers would benefit from coupled ecological-economic models that includes both the human and ecological aspects of the fishery and incorporates them...