Bioeconomic Implications of Six Harvest Rules for Northeast Arctic Cod

• Main Authors: Eide, Arne, Eriksen, Guri Hjallen, Flaaten, Ola
• Format: Report
• Language: English; unknown
• Published: International Institute of Fisheries Economics and Trade
• Subjects: Fisheries > Economic aspects > Congresses; Sustainable fisheries > Congresses; Arctic cod; Northeast Arctic cod
• Online Access: https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/hm50ts960

This is a study on economic implications of the 3 year harvest control rule (HCR) for the Northeast Arctic cod stock, decided in November 2002 by the Joint Norwegian-Russian Fisheries Commission. Outcomes of this rule are compared to those of five other rules, including the previous one based on a 1 year quota decision. Results are measured by six indicators; three economic, two biological and one management indicator. A previous study showed that for the period 2005-2008, the Precautionary approach (Fpa = 0.40) and 3 year TAC rule agreed in 2002 implied an increase in both spawning stock (SSB) and total fishable stock, SB(3+), at the expense of all economic indicators, when compared to five other HCRs. The same trend we can observe in this analysis of the years 2005-2034. KEYWORDS: Norwegian-Russian Fisheries Commission, Northeast Arctic Cod, Harvest Control Rule