ERC Homepage ERC Homepage
ERC CONFERENCES
ERC Lectures in Economics
ERC Working Papers
Executive Committee
About ERC
e-mail
METU Home Page
Department of Economics
 

ERC WORKING PAPERS

Implementation of the Maximum Sustainable Yield under an Age-Structured Model

Zafer Kanik and Serkan Kucuksenel

Abstract:
One of the main goals stated in the proposals for the Common Fisheries Policy (CFP) reform is achieving maximum sustainable yield (MSY) for all European fisheries by 2015. In this paper, we consider the mechanism design problem for allocation of fishing rights to achieve MSY harvesting conditions. We study an age-structured fish population model and apply this model for a fishing environment including two fishermen having perfect or imperfect fishing selectivity. If we assume that fishermen are non-satiated and they fulfill their remaining quotas through capturing untargeted (less revenue-generating) fish after targeted fish population is fully caught, the fix ratio of the catch of targeted fish to untargeted fish, derived from catchability coefficients, is not valid anymore. As a result, we show that not only the age-structure or fishing technology but also the estimated level of MSY is steering the optimal allocation of quotas. Accordingly, we determine technology-based optimal quota shares for each fisherman at particular MSY levels. We also show that the optimal allocation of fishing quotas does not have a bang-bang nature under imperfect fishing selectivity.

Full Text (in Adobe Acrobat format)

2013

  • 13/12 The Promise of Transferable Fishing Concessions on EU Fisheries
    Zafer Kanik and Serkan Kucuksenel
  • 13/11 Returns to Foreign Language Skills in a Developing Country: The Case of Turkey
    Antonio Di Paolo and Aysit Tansel
  • 13/10-tr Türkiye’de Özel Dershaneler: Yeni Gelismeler ve Dershanelerin Gelecegi
    Aysit Tansel
  • 13/10 Supplementary Education in Turkey: Recent Developments and Future Prospects
    Aysit Tansel
  • 13/09 Gelismekte Olan Ulkelerdeki Kriz Sirasi ve Sonrasindaki Trendleri Aciklamakta "Guvenli Liman Faktoru" ve Finansal Soklarin Boyutunun Onemi: Turkiye Ornegi
    Hasan Comert and Selman Colak
  • 13/08 Implicit Asymmetric Exchange Rate Peg under Inflation Targeting Regimes: The Case of Turkey
    Ahmet Benlialper and Hasan Comert
  • 13/07 Military Expenditures and Political Regimes: An Analysis Using Global Data, 1963-2001
    Unal Tongur , Sara Hsu and Adem Yavuz Elveren
  • 13/06 Deunionization and Pay Inequality in OECD Countries: A Panel Granger Causality Approach
    Unal Tongur and Adem Yavuz Elveren
  • 13/05 Output-Employment Relationship across Sectors:A Long- versus Short-Run Perspective
    Afsin Sahin and Aysit Tansel and M.Hakan Berument
  • 13/04 Private Tutoring and the Question of Equitable Opportunities in Turkey
    Aysit Tansel
  • 13/03 Implementation of the Maximum Sustainable Yield under an Age-Structured Model
    Zafer Kanik and Serkan Kucuksenel
  • 13/02 Financial Crises, Financialization of Commodity Markets and Correlation of Agricultural Commodity Index with Precious Metal Index and S&P500
    M.Fatih Oztek and Nadir Ocal
  • 13/01 Generational Accounting in Turkey
    Damla Haciibrahimoglu and Pinar Derin-Gure
  • 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996