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Pulse Fishing and Stock Uncertainty

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  • José-María Da-Rocha
  • Linda Nøstbakken
  • Marcos Pérez

Abstract

Large variation in stock dynamics affects the accuracy of stock estimates, which fisheries managers rely on when determining quotas and other regulations. The purpose of this paper is to investigate the implications of uncertainty on pulse fishing. We show that as the variance of the random natural fluctuations increases, the optimal pulse length decreases and converge toward a constant-escapement policy. Hence, in fisheries with large natural variability, a constant-escapement policy is a good approximation of the optimal policy. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • José-María Da-Rocha & Linda Nøstbakken & Marcos Pérez, 2014. "Pulse Fishing and Stock Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 257-274, October.
    • Handle: RePEc:kap:enreec:v:59:y:2014:i:2:p:257-274
    DOI: 10.1007/s10640-013-9727-y
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    References listed on IDEAS

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    7. José Da Rocha & María Gutiérrez, 2012. "Endogenous Fishery Management in a Stochastic Model: Why Do Fishery Agencies Use TACs Along with Fishing Periods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 25-59, September.
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    Cited by:

    1. Petrohilos-Andrianos, Yannis & Xepapadeas, Anastasios, 2017. "Resource harvesting regulation and enforcement: An evolutionary approach," Research in Economics, Elsevier, vol. 71(2), pages 236-253.
    2. Da Rocha Alvarez, Jose Maria & Prellezo, Raul & Sempere, Jaume & Taboada-Antelo, Luis, 2016. "Fleet dynamics and capital malleability," MPRA Paper 75370, University Library of Munich, Germany.
    3. Da Rocha Alvarez, Jose Maria & Prellezo, Raul & Sempere, Jaume & Taboada-Antelo, Luis, 2016. "Fleet dynamics and overcapitalization under rational expectations," MPRA Paper 79578, University Library of Munich, Germany.
    4. Giannis Vardas & Anastasios Xepapadeas, 2015. "Time Scale Externalities and the Management of Renewable Resources," Working Papers 2015.27, Fondazione Eni Enrico Mattei.
    5. Giannis Vardas & Anastasios Xepapadeas, 2015. "Managing Interacting Populations under Time Scale Separation," DEOS Working Papers 1510, Athens University of Economics and Business.
    6. Diwakar Poudel & Leif K. Sandal & Sturla F. Kvamsdal, 2015. "Stochastically Induced Critical Depensation and Risk of Stock Collapse," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 297-313.
    7. Vincent Martinet & Julio Peña-Torres & Michel Lara & Hector Ramírez C., 2016. "Risk and Sustainability: Assessing Fishery Management Strategies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 683-707, August.
    8. Jules Selles, 2018. "Fisheries management: what uncertainties matter?," Working Papers hal-01824238, HAL.

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    More about this item

    Keywords

    Bioeconomic modeling; Fisheries management; Uncertainty; Pulse fishing; Q0; Q22; C61;
    All these keywords.

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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