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Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models

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  • José-María Da Rocha
  • María-Jose Gutiérrez
  • Luis Antelo

Abstract

Optimal management in a multi-cohort Beverton-Holt model with any number of age classes and imperfect selectivity is equivalent to finding the optimal fish lifespan by chosen fallow cycles. Optimal policy differs in two main ways from the optimal lifespan rule with perfect selectivity. First, weight gain is valued in terms of the whole population structure. Second, the cost of waiting is the interest rate adjusted for the increase in the pulse length. This point is especially relevant for assessing the role of selectivity. Imperfect selectivity reduces the optimal lifespan and the optimal pulse length. We illustrate our theoretical findings with a numerical example. Results obtained using global numerical methods select the optimal pulse length predicted by the optimal lifespan rule. Copyright Springer Science+Business Media B.V. 2013

Suggested Citation

  • José-María Da Rocha & María-Jose Gutiérrez & Luis Antelo, 2013. "Selectivity, Pulse Fishing and Endogenous Lifespan in Beverton-Holt Models," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(1), pages 139-154, January.
    • Handle: RePEc:kap:enreec:v:54:y:2013:i:1:p:139-154
    DOI: 10.1007/s10640-012-9585-z
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    Cited by:

    1. Colla-De-Robertis, Esteban & Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutiérrez, María-José & Prellezo, Raul, 2018. "A bayesian estimation of the economic effects of the Common Fisheries Policy on the Galician Fleet: a dynamic stochastic general equilibrium approach," MPRA Paper 89944, University Library of Munich, Germany.
    2. Da-Rocha, Jose-Maria & García-Cutrin, Javier & Gutierrez, Maria Jose & Touze, Julia, 2016. "A note on CES Preferences in Age-Structured Models," MPRA Paper 75298, University Library of Munich, Germany.
    3. Quaas, Martin F. & Requate, Till & Ruckes, Kirsten & Skonhoft, Anders & Vestergaard, Niels & Voss, Rudi, 2013. "Incentives for optimal management of age-structured fish populations," Resource and Energy Economics, Elsevier, vol. 35(2), pages 113-134.
    4. Villasante, Sebastian & Pierce, Graham J. & Pita, Cristina & Guimeráns, César Pazos & Garcia Rodrigues, João & Antelo, Manel & Da Rocha, José María & Cutrín, Javier García & Hastie, Lee C. & Veiga, Pe, 2016. "Fishers' perceptions about the EU discards policy and its economic impact on small-scale fisheries in Galicia (North West Spain)," Ecological Economics, Elsevier, vol. 130(C), pages 130-138.
    5. Alvin Slewion Jueseah & Dadi Mar Kristofersson & Tumi Tómasson & Ogmundur Knutsson, 2020. "A Bio-Economic Analysis of the Liberian Coastal Fisheries," Sustainability, MDPI, vol. 12(23), pages 1-21, November.
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    9. José-María Da-Rocha & Rosa Mato-Amboage, 2016. "On the Benefits of Including Age-Structure in Harvest Control Rules," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 619-641, August.

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    More about this item

    Keywords

    Optimisation in age-structured models; Pulse fishing; O1; AMS 91B76; 92D25;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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