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Implementation of the Maximum Sustainable Yield under an Age-Structured Model

Author

Listed:
  • Zafer Kanik

    (Department of Economics, METU)

  • Serkan Kucuksenel

    (Department of Economics, METU)

Abstract

One of the main goals stated in the proposals for the Common Fisheries Policy (CFP) reform is achieving maximum sustainable yield (MSY) for all European fisheries by 2015. In this paper, we consider the mechanism design problem for allocation of fishing rights to achieve MSY harvesting conditions. We study an age-structured fish population model and apply this model for a fishing environment including two fishermen having perfect or imperfect fishing selectivity. If we assume that fishermen are non-satiated and they fulfill their remaining quotas through capturing untargeted (less revenue-generating) fish after targeted fish population is fully caught, the fix ratio of the catch of targeted fish to untargeted fish, derived from catchability coefficients, is not valid anymore. As a result, we show that not only the age-structure or fishing technology but also the estimated level of MSY is steering the optimal allocation of quotas. Accordingly, we determine technology-based optimal quota shares for each fisherman at particular MSY levels. We also show that the optimal allocation of fishing quotas does not have a bang-bang nature under imperfect fishing selectivity.

Suggested Citation

  • Zafer Kanik & Serkan Kucuksenel, 2013. "Implementation of the Maximum Sustainable Yield under an Age-Structured Model," ERC Working Papers 1303, ERC - Economic Research Center, Middle East Technical University, revised Mar 2013.
    • Handle: RePEc:met:wpaper:1303
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    File URL: http://erc.metu.edu.tr/en/system/files/menu/series13/1303.pdf
    File Function: First version, 2013
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    Citations

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    Cited by:

    1. Zafer Kanik & Serkan Kucuksenel, 2013. "The Promise of Transferable Fishing Concessions on EU Fisheries," ERC Working Papers 1312, ERC - Economic Research Center, Middle East Technical University, revised Dec 2013.
    2. Kanik, Zafer & Kucuksenel, Serkan, 2016. "Quota implementation of the maximum sustainable yield for age-structured fisheries," MPRA Paper 70535, University Library of Munich, Germany.

    More about this item

    Keywords

    Age-structured model; Allocation of quotas; Fishing technology; Maximum sustainable yield; Mechanism design; Rights-based management; Total allowable catch;
    All these keywords.

    JEL classification:

    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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