IDEAS home Printed from https://ideas.repec.org/p/fbb/wpaper/201029.html
   My bibliography  Save this paper

A Dynamic Stochastic Approach to Fisheries Management Assessment. An Application to some European Fisheries

Author

Listed:
  • Da Rocha Alvarez José María

    (UNIVERSITY OF VIGO UNIVERSITY OF THE BASQUE COUNTRY)

  • Gutiérrez Huerta Mª José

    (UNIVERSITY OF VIGO UNIVERSITY OF THE BASQUE COUNTRY)

Abstract

Most existing studies assessing the management of fisheries fail to check the accuracy of the parameters estimated in reproducing the observed dynamics of the resource. We present an alternative approach: assuming that the stock growth path is affected by productivity shocks that follow a Markov process, we calibrate the growth path of the resource so that the observed dynamics of resource are matched. In this context, an efficient policy consists of applying a different exploitation rule depending on the state of the resource whereas the constant-escapement rule is not the efficient policy. This approach is applied to three different fishing grounds: the European Anchovy (Division VIII), the Southern Stock of Hake (Divisions VIIIc and IXa) and the Northern Stock of Hake (mainly Divisions VII and VIII).

Suggested Citation

  • Da Rocha Alvarez José María & Gutiérrez Huerta Mª José, 2005. "A Dynamic Stochastic Approach to Fisheries Management Assessment. An Application to some European Fisheries," Working Papers 201029, Fundacion BBVA / BBVA Foundation.
    • Handle: RePEc:fbb:wpaper:201029
    as

    Download full text from publisher

    File URL: http://www.fbbva.es/TLFU/tlfu/ing/areas/econosoc/publicaciones/documentos/fichadoc/index.jsp?codigo=172
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fbb:wpaper:201029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fundacion BBVA / BBVA Foundation (email available below). General contact details of provider: https://edirc.repec.org/data/fbbvaes.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.