A bioeconomic model for management of Orange Roughy Stocks

Campbell, H. F., Hand, A. J. and Smith, A. D. M. (1993) A bioeconomic model for management of Orange Roughy Stocks. Marine Resource Economics, 8 155-172.

Author Campbell, H. F.
Hand, A. J.
Smith, A. D. M.
Title A bioeconomic model for management of Orange Roughy Stocks
Journal name Marine Resource Economics   Check publisher's open access policy
ISSN 0738-1360
Publication date 1993
Sub-type Article (original research)
Volume 8
Start page 155
End page 172
Total pages 18
Place of publication Kingston, RI, United States
Publisher University of Rhode Island Department of Environmental and Natural Resource Economics
Language eng
Abstract The paper reports the results of a bioeconomic analysis of the exploitation of a recently discovered orange roughy stock located off Tasmania. The parameters of the model are based on the experience derived from the orange roughy fisheries in New Zealand where stocks have been heavily exploited. The model is used to predict the open-access equilibrium stock, and to calculate the stock which maximizes the net present value and the stock level consistent with the F,,, Rule. Assuming a linear approach path, the net present value of the fishery at each of these stocks is calculated. The results are used to estimate the benefit of management and the cost of a conservative stock policy. It is suggested that the results will contribute to the development of a management policy for the Tasmanian stock, and for stocks which are likely to be discovered elsewhere.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
Version Filter Type
Citation counts: Google Scholar Search Google Scholar
Created: Tue, 25 Jun 2013, 17:02:24 EST by Harry Campbell on behalf of School of Economics