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The Optimality of the Common Fisheries Policy: the Northern Stock of Hake
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic
bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits ...
Reference Points and Optimal Management in Stochastic Age-Structured Fisheries Models
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-07)
The purpose of this article is to characterize dynamic optimal harvesting trajectories that maximize discounted utility assuming an age-structured population model, in the same line as Tahvonen (2009). The main novelty of ...
Why Economists Reject Long-Term Fisheries Management Plans?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-08)
Most fisheries agencies conduct biological and economic assessments independently. This independent conduct may lead to situations in which economists reject management plans proposed by biologists. The objective of this ...
The Evaluation of Fisheries Management: A Dynamic Stochastic Approach
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-03)
In this article, we analyze how to evaluate fishery resource management under “ecological uncertainty”. In this context, an efficient policy consists of applying a different exploitation rule depending on the state of the ...