Evaluation of Management Procedures: Application to Chilean Jack Mackerel Fishery

Vincent Martinet, Michel de Lara (delara@cermics.enpc.fr), Julio Peña (jpena@uahurtado.cl) and Héctor Ramirez (hramirez@dim.uchile.cl)
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Michel de Lara: Université Paris-Est, http://cermics.enpc.fr/~delara/
Julio Peña: Facultad de Economía y Negocios, Universidad Alberto Hurtado
Héctor Ramirez: Departamento de Ingeniería Matemática

ILADES-UAH Working Papers from Universidad Alberto Hurtado/School of Economics and Business

Abstract: This paper develops a theoretical framework to assess resources management procedures from a sustainability perspective, when resource dynamics is marked by uncertainty. Using stochastic viability, management procedures are ranked according to their probability to achieve economic and ecological constraints over time. This framework is applied to a shery case-study, facing El Niño uncertainty. We study the viability of constant effort and constant quota strategies, when a minimal catch level and a minimal biomass are required. Conditions on the sustainability objectives are derived for the superiority of each of the two management methods.

Keywords: Sustainability; risk; shery economics and management; viability; stochastic (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-06
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Persistent link: https://EconPapers.repec.org/RePEc:ila:ilades:inv255

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