Fisheries Instrument Choice under Uncertainty
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Kompas, Thomas; Che, Nhu-Tuong; Grafton, Quentin
Description
This paper uses data from an actual fishery to construct a tractable, dynamic model to compare expected profit and its variance, optimal stock size, optimal harvest rate, and optimal fishing effort under different management regimes under uncertainty. The results provide a comparison of instrument choice between a total harvest control and a total effort control under uncertainty, an original method to evaluate the tradeoffs between profits and other criteria in a dynamic context, and insights...[Show more]
Collections | ANU Research Publications |
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Date published: | 2008 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/52665 |
Source: | Land Economics |
DOI: | 10.3368/le.84.4.652 |
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File | Description | Size | Format | Image |
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01_Kompas_Fisheries_Instrument_Choice_2008.pdf | 273.76 kB | Adobe PDF | Request a copy |
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