Fishers are faced with multiple risks, including unpredictability of future catch rates, prices and costs. While the latter are largely beyond the control of fisheries managers, effective fisheries management should reduce uncertainty about future catches while also enhancing profitability. Different management instruments are likely to have different impacts on the...
Differences in technical efficiency of fishing vessels are often attributed to skipper skill and differences in technology. While the later can be defined in terms of the technology employed, the former is more difficult to quantify. In this paper, the contribution of technology and skipper characteristics (e.g. level of education,...
Closed areas are often used as either temporary or permanent measures to reduce fishing pressure on stocks. A major concern, however, is what happens to the effort that was previously employed in these areas. When modelling the potential impacts of the closed areas, it is necessary to model changes in...
Capacity reduction programs in the form of buybacks or decommissioning programs have had relatively widespread application in fisheries in the US, Europe and Australia. A common criticism of such programs is that they remove the least efficient vessels first, resulting in an increase in average efficiency of the remaining fleet....