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Evaluation of Management Procedures: Application to Chilean Jack Mackerel Fishery

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Abstract

This paper develops a theoretical framework to assess resources management procedures from a sustainability perspective, when resource dynamics is marked by uncertainty. Using stochastic viability, management procedures are ranked according to their probability to achieve economic and ecological constraints over time. This framework is applied to a shery case-study, facing El Niño uncertainty. We study the viability of constant effort and constant quota strategies, when a minimal catch level and a minimal biomass are required. Conditions on the sustainability objectives are derived for the superiority of each of the two management methods.

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  • Vincent Martinet & Michel de Lara & Julio Peña & Héctor Ramirez, 2010. "Evaluation of Management Procedures: Application to Chilean Jack Mackerel Fishery," ILADES-UAH Working Papers inv255, Universidad Alberto Hurtado/School of Economics and Business.
    • Handle: RePEc:ila:ilades:inv255
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    References listed on IDEAS

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