Abstract

http://ssrn.com/abstract=1865806
 
 

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Towards the Optimal Management of the Northeast Arctic Cod Fishery


Andries Richter


University of Oslo

Anne Maria Eikeset


University of Oslo

Daan Van Soest


Tilburg University - CentER & Department of Economics

Nils Chr. Stenseth


University of Oslo

2011

FEEM Working Paper No. 40.2011

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.

Number of Pages in PDF File: 49

Keywords: Northeast Arctic Cod, Norway, Production Functions, Harvest Control Rule, Fleet Structure, Multiple Objectives

JEL Classification: C10, Q21, Q22, Q28

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Date posted: June 17, 2011  

Suggested Citation

Richter, Andries and Eikeset, Anne Maria and van Soest, Daan and Stenseth, Nils Chr., Towards the Optimal Management of the Northeast Arctic Cod Fishery (2011). FEEM Working Paper No. 40.2011. Available at SSRN: http://ssrn.com/abstract=1865806 or http://dx.doi.org/10.2139/ssrn.1865806

Contact Information

Andries Richter (Contact Author)
University of Oslo ( email )
PO Box 6706 St Olavs plass
Oslo, N-0317
Norway
Anne Maria Eikeset
University of Oslo ( email )
PO Box 6706 St Olavs plass
Oslo, N-0317
Norway
Daan P. Van Soest
Tilburg University - CentER & Department of Economics ( email )
P.O. Box 90153
5000 LE Tilburg
Netherlands
+31 13 466 2072 (Phone)
Nils Chr. Stenseth
University of Oslo ( email )
PO Box 6706 St Olavs plass
Oslo, N-0317
Norway
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