The Australian Harvest Strategy Policy requires that maximum economic yield (MEY) be the target in all Commonwealth managed fisheries. For multispecies fisheries, unlike single species fisheries, the optimal yield is not independent of the optimal yield of the companion species (i.e. those species with which it is caught). In fisheries...
The paper predicts the outcomes of alternative management scenarios for the Southern Bluefin Tuna (SBT) fishery over the next twenty years. Two criteria are used to characterize outcomes: economic efficiency as measured by the present value of fishery rent generated; and conservation as measured by the predicted size of the...
Individual quota (IQ) management systems in commercial marine fisheries are highly diverse, differing in the security, durability and exclusivity of the harvesting privilege and the transferability of quota units. This diversity in the degree of harvest rights may influence the effectiveness of IQ fisheries to meet management objectives. We conducted...