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Output versus input controls under uncertainty: The case of a fishery

Yamazaki, Satoshi; Kompas, Tom; Grafton, Quentin

Description

The paper compares the management outcomes with a total allowable catch (TAC) and a total allowable effort (TAE) in a fishery under uncertainty. Using a dynamic programming model with multiple uncertainties and estimated growth, harvest and effort functions from one of the world’s largest fisheries, the relative economic and biological benefits of a TAC and TAE are compared and contrasted in a stochastic environment. This approach provides a decision and modeling framework to compare...[Show more]

CollectionsANU Research Publications
Date published: 2007-11
Type: Working/Technical Paper
URI: http://hdl.handle.net/10440/1182
http://digitalcollections.anu.edu.au/handle/10440/1182
Source: Natural Resource Modeling
DOI: 10.1111/j.1939-7445.2008.00034.x

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