Output versus input controls under uncertainty: The case of a fishery
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]
|Collections||ANU Research Publications|
|Source:||Natural Resource Modeling|
|Yamazaki_Output2007.pdf||529.5 kB||Adobe PDF|
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