Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway
The economic efficiencies of the Danish, Icelandic, and Norwegian cod fisheries are examined. For this purpose, nonlinear aggregate models of these fisheries are constructed. Comparing the calculated optimal harvest and biomass quantities with the actual fisheries provides a measure of the degree of...
Published in: | American Journal of Agricultural Economics |
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2004
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fthighwire:oai:open-archive.highwire.org:ajae:86/2/531 2023-05-15T16:48:26+02:00 Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway Arnason, Ragnar Sandal, Leif K. Steinshamn, Stein Ivar Vestergaard, Niels 2004-05-01 00:00:00.0 text/html http://ajae.oxfordjournals.org/cgi/content/short/86/2/531 https://doi.org/10.1111/j.0092-5853.2004.00597.x en eng Oxford University Press http://ajae.oxfordjournals.org/cgi/content/short/86/2/531 http://dx.doi.org/10.1111/j.0092-5853.2004.00597.x Copyright (C) 2004, Agricultural and Applied Economics Association Articles TEXT 2004 fthighwire https://doi.org/10.1111/j.0092-5853.2004.00597.x 2013-05-27T10:31:42Z The economic efficiencies of the Danish, Icelandic, and Norwegian cod fisheries are examined. For this purpose, nonlinear aggregate models of these fisheries are constructed. Comparing the calculated optimal harvest and biomass quantities with the actual fisheries provides a measure of the degree of efficiency in these fisheries. The comparisons confirm that the cod harvesting policies of these countries have been hugely inefficient in the past. It appears that inefficiency has been increasing over the last three to four decades, even after TAC regulations replaced open access, indicating that the management policies adopted by all three countries have failed to cure overfishing. Text Iceland HighWire Press (Stanford University) Norway Tac ENVELOPE(-59.517,-59.517,-62.500,-62.500) American Journal of Agricultural Economics 86 2 531 542 |
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HighWire Press (Stanford University) |
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English |
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Articles Arnason, Ragnar Sandal, Leif K. Steinshamn, Stein Ivar Vestergaard, Niels Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
topic_facet |
Articles |
description |
The economic efficiencies of the Danish, Icelandic, and Norwegian cod fisheries are examined. For this purpose, nonlinear aggregate models of these fisheries are constructed. Comparing the calculated optimal harvest and biomass quantities with the actual fisheries provides a measure of the degree of efficiency in these fisheries. The comparisons confirm that the cod harvesting policies of these countries have been hugely inefficient in the past. It appears that inefficiency has been increasing over the last three to four decades, even after TAC regulations replaced open access, indicating that the management policies adopted by all three countries have failed to cure overfishing. |
format |
Text |
author |
Arnason, Ragnar Sandal, Leif K. Steinshamn, Stein Ivar Vestergaard, Niels |
author_facet |
Arnason, Ragnar Sandal, Leif K. Steinshamn, Stein Ivar Vestergaard, Niels |
author_sort |
Arnason, Ragnar |
title |
Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
title_short |
Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
title_full |
Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
title_fullStr |
Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
title_full_unstemmed |
Optimal Feedback Controls: Comparative Evaluation of the Cod Fisheries in Denmark, Iceland, and Norway |
title_sort |
optimal feedback controls: comparative evaluation of the cod fisheries in denmark, iceland, and norway |
publisher |
Oxford University Press |
publishDate |
2004 |
url |
http://ajae.oxfordjournals.org/cgi/content/short/86/2/531 https://doi.org/10.1111/j.0092-5853.2004.00597.x |
long_lat |
ENVELOPE(-59.517,-59.517,-62.500,-62.500) |
geographic |
Norway Tac |
geographic_facet |
Norway Tac |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://ajae.oxfordjournals.org/cgi/content/short/86/2/531 http://dx.doi.org/10.1111/j.0092-5853.2004.00597.x |
op_rights |
Copyright (C) 2004, Agricultural and Applied Economics Association |
op_doi |
https://doi.org/10.1111/j.0092-5853.2004.00597.x |
container_title |
American Journal of Agricultural Economics |
container_volume |
86 |
container_issue |
2 |
container_start_page |
531 |
op_container_end_page |
542 |
_version_ |
1766038528601358336 |