Towards the Optimal Management of the Northeast Arctic Cod Fishery

Authors

Andries Richter, Biometris, Department of Mathematical and Statistical Methods, Wageningen University and Centre for Ecological and Evolutionary Synthesis (CEES), Department of Biology, University of OsloFollow
Anne Maria Eikeset, Centre for Ecological and Evolutionary Synthesis (CEES), Department of Biology, University of Oslo
Daan van Soest, Department of Spatial Economics and IVM, VU University Amsterdam, and Department of Economics and CentER, Tilburg University
Nils Chr. Stenseth, Centre for Ecological and Evolutionary Synthesis (CEES), Department of Biology, University of Oslo

Date of This Version

June 2011

Abstract

The objectives pursued by governments managing fisheries may include maximizing profits, minimizing the impact on the marine ecosystem, or securing employment, which all require adjusting the composition of the fishing fleet. We develop a management plan that can be adapted to those objectives and allows the regulator to compare the long-run profits between the various management options. We apply the model to the case of Northeast Arctic cod, and estimate the cost and harvesting functions of various vessel types, the demand function, and a biological model to provide key insights regarding the optimal management of this valuable fish species.

Recommended Citation

Richter, Andries; Eikeset, Anne Maria; van Soest, Daan; and Stenseth, Nils Chr., "Towards the Optimal Management of the Northeast Arctic Cod Fishery" (June 14, 2011). Fondazione Eni Enrico Mattei Working Papers. Paper 591.
https://services.bepress.com/feem/paper591