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On the Benefits of Including Age-Structure in Harvest Control Rules

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  • José-María Da-Rocha

    (Universidade de Vigo
    Centro de Investigación Económica, Instituto Tecnológico Autoónomo de México (ITAM))

  • Rosa Mato-Amboage

    (York University)

Abstract

This paper explores the benefits of including age structure in the control rule (HCR) when decision makers regard their (age-structured) models as approximations. We find that introducing age structure into the HCR reduces both the volatility of the spawning biomass and the yield. Although the benefits are lower at a fairly imprecise level, there are still major advantages for the actual precision with which the case study is assessed. Moreover, we find that when age-structure is included in the HCR the relative ranking of different policies in terms of variance in biomass and yield does not differ. These results are shown both theoretically and numerically by applying the model to the Southern Hake fishery.

Suggested Citation

  • José-María Da-Rocha & Rosa Mato-Amboage, 2016. "On the Benefits of Including Age-Structure in Harvest Control Rules," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 619-641, August.
    • Handle: RePEc:kap:enreec:v:64:y:2016:i:4:d:10.1007_s10640-015-9891-3
    DOI: 10.1007/s10640-015-9891-3
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    3. Da Rocha, José María & Gutiérrez Huerta, María José, 2011. "Lessons from the northern hake long-term management plan: Could the economic assessment have accepted it?," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    4. Da Rocha, José María & Gutiérrez Huerta, María José & Cerviño, Santiago, 2012. "Reference Points Based on Dynamic Optimisation: A Versatil Algorithm for Mixed Fishery Management with Bio-economic Agestructured Models," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
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    9. José-María Da Rocha & María-Jose Gutiérrez & Luis Antelo, 2013. "Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 139-154, January.
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    Cited by:

    1. Rosa, Renato & Costa, Tiago & Mota, Rui Pedro, 2022. "Incorporating economics into fishery policies: Developing integrated ecological-economics harvest control rules," Ecological Economics, Elsevier, vol. 196(C).
    2. Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutierrez, Maria Jose, 2016. "Harvesting Control Rules that deal with Scientific Uncertainty," MPRA Paper 72059, University Library of Munich, Germany.

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