 Policy management of the Italian small pelagic fishery in the Adriatic Sea: A dynamic maximum economic yield approachF. Natali, G. Toraldo, F. Giannino, G. Cicia and G. Branca Ecological Economics, 2024, vol. 224, issue C Abstract: The sustainability of most Mediterranean fisheries is heavily compromised, suggesting the need for an effective policy response to preserve both profitability of fleets and fish stocks in the long run. This study focuses on the Italian small pelagic fleet in the Adriatic Sea. More specifically, we focus on anchovies and sardines' stocks, which account for most of the total catches in the area in terms of landed weight. We build an optimization model aimed at estimating the discounted Maximum Economic Yield (MEY) of this fishery under selected policy scenarios ranging from effort limitations to total allowable catch (TAC) management. The model allows us to compare the bioeconomic performances of the fishery over a time span of 10 years. The results outline a trade-off between biological and economic policy targets, as well as an efficiency gap among fishing gears. This gap ultimately leads to an uneven distribution of economic benefits under restrictive policy scenarios. Keywords: Dynamic optimization; Small pelagics; Adriatic Sea; MEY; Fisheries management (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:224:y:2024:i:c:s0921800924001575 DOI: 10.1016/j.ecolecon.2024.108260 Access Statistics for this article Ecological Economics is currently edited by C. J. Cleveland More articles in Ecological Economics from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.