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- Title
Empirical analysis and transboundary management for Georges Bank multispecies fishery.
- Authors
Soboil, Mark Lucas; Sutinen, Jon G.
- Abstract
This paper reports the results of a bioeconomic evaluation of alternative management strategies for the Georges Bank transboundary multispecies fishery. Because the distribution of the principal groundfish resources on Georges Bank involves substantial movement and migration across the US–Canada boundary, the harvest by one country affects the benefits to the other country. An empirically based model of the transboundary multispecies fishery was built to simulate alternative management strategies imposed by each country. The simulations were used to help determine whether the status quo management is superior to any other strategy and, if not, what other strategies are better in terms of economic performance. Our aim is to determine whether there are combinations of US and Canadian harvest policies that would make both countries better off and whether a “win–win” strategy exists in the fishery. The results suggest that there are win–win strategies in terms of economic benefits, but such strategies may not be legally feasible under current fisheries law.
- Subjects
FISHERIES; GROUNDFISHES; AGRICULTURE; AQUATIC resources; NATURAL resources
- Publication
Canadian Journal of Fisheries & Aquatic Sciences, 2006, Vol 63, Issue 4, p903
- ISSN
0706-652X
- Publication type
Article
- DOI
10.1139/F05-269