Spatial Management of a Fishery Under Parameter Uncertainty

24 Pages Posted: 13 Feb 2010

See all articles by Sturla Kvamsdal

Sturla Kvamsdal

Norwegian School of Economics (NHH)

Theodore Groves

University of California at San Diego

Date Written: June 25, 2008

Abstract

Spatial management of a fishery under parameter uncertainty is analyzed. The habitat is divided into two areas, and the effort level in the two areas may be different. The migration of biomass between the areas follows a diffusion process; two different specifications are considered. The model features logistic growth and Schaefer production functions. The intrinsic growth rate is treated as uncertain; the uncertainty is symmetric and spatially homogeneous. It is found that the optimal, spatial distribution of effort with respect to expected harvest is neither homogeneous or heterogeneous everywhere, but homogenous for a given subset of the parameter space and heterogeneous elsewhere.

Keywords: Spatial Management, Fishery Economics, Parameter Uncertainty

JEL Classification: Q22

Suggested Citation

Kvamsdal, Sturla and Groves, Theodore, Spatial Management of a Fishery Under Parameter Uncertainty (June 25, 2008). NHH Dept. of Economics Discussion Paper No. 13/2008, Available at SSRN: https://ssrn.com/abstract=1552011 or http://dx.doi.org/10.2139/ssrn.1552011

Sturla Kvamsdal (Contact Author)

Norwegian School of Economics (NHH) ( email )

Helleveien 30
Bergen, NO-5045
Norway

Theodore Groves

University of California at San Diego ( email )

9500 Gilman Drive
La Jolla, CA 92093-0508
United States
619-534-3383 (Phone)

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