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Empirical Analysis of the Transboundary Dynamics for Georges Bank Groundfish

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  • This paper presents an empirical model of Georges Bank transboundary groundfish fishery, and reports results of a dynamic bioeconomic simulation used to evaluate the consequences of alternative management strategies for the multispecies fishery. Since the distribution of the stocks of the principal groundfish resources involves substantial movement and migration across the US-Canada boundary, the harvests of each country may reduce the benefits of the other. The model incorporates both the biological and economic characteristics of the fishery. The biological component of the model describes the population and spatial dynamics of the principle groundfish stocks that reflect the seasonal migration of the transboundary stocks. The economic component incorporates the harvest strategies of the US otter trawl fleet and the Canadian longline and otter trawl fleets. For each management alternative evaluated, the model simulates the change in profits for both countries jointly, as well as each country individually. We evaluate alternative fisheries management strategies to determine whether the current management is superior to any other strategy and, if not, what other strategies are better in terms of economic performance.
  • KEYWORDS: multispecies fishery, Fisheries economics, bioeconomic simulation, Fisheries Management for Industrial Fisheries, Transboundary fisheries, fisheries management
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  • Soboil, Mark Lucas, Jon G. Sutinen. 2004. Empirical Analysis of the Transboundary Dynamics for Georges Bank Groundfish. Peer Review: No. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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