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Experiences with the use of bioeconomic models in the management of Australian fisheries

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  • Australian Commonwealth fisheries have adopted maximum economic yield as a target reference point. A bioeconomic model has been developed for one key fishery - the Northern Prawn Fishery - and is used in the provision of management advice. The development and application of this model has highlighted some challenges for implementing MEY in a real fisheries management context. The aim of this paper is to highlight the development of this model, and the issues and challenges that are faced with estimating MEY for the purposes of management target setting in a real management setting.
  • KEYWORDS: Making Integrated Ecological-Economic Models Useful, Special topics, Fisheries economics
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  • Pascoe, Sean, C. Dichmont, and T. Hutton. 2014. Experiences with the use of bioeconomic models in the management of Australian fisheries. In: Towards ecosystem based management of fisheries: what role can economics play?: Proceedings of the Seventeenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 7-11, 2014, Brisbane, Australia. Complied by Ann L. Shriver & Melissa Errend. Corvallis, OR: International Institute of Fisheries.
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  • Fisheries Research & Development Corporation, World Wildlife Fund, MG Kailis Group, AquaFish Innovation Lab, NOAA Fisheries, The European Association of Fisheries Economists, Japan International Fisheries Research Society, United Nations University, NORAD
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