Output versus input controls under uncertainty: The case of a fishery
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Yamazaki, Satoshi; Kompas, Tom; Grafton, Quentin
Description
The paper compares the management outcomes with a total allowable catch (TAC) and a total allowable effort (TAE) in a fishery under uncertainty. Using a dynamic programming model with multiple uncertainties and estimated growth, harvest and effort functions from one of the world’s largest fisheries, the relative economic and biological benefits of a TAC and TAE are compared and contrasted in a stochastic environment. This approach provides a decision and modeling framework to compare...[Show more]
Collections | ANU Crawford School of Public Policy |
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Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/10440/1182 |
Source: | Natural Resource Modeling |
DOI: | 10.1111/j.1939-7445.2008.00034.x |
Access Rights: | Open Access |
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File | Description | Size | Format | Image |
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Yamazaki_Output2007.pdf | 529.5 kB | Adobe PDF |
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