The optimality of the Common Fisheries Policy: the Northern Stock of Hake

  1. Gutiérrez Huerta, María José
  2. Da Rocha Álvarez, José María
Revista:
Spanish economic review

ISSN: 1435-5469

Año de publicación: 2006

Volumen: 8

Número: 1

Páginas: 1-21

Tipo: Artículo

DOI: 10.1007/S10108-004-0091-5 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Spanish economic review

Resumen

We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits would have been if the optimal Common Fisheries Policy (CFP) consistent with the target biomass implied by the Fischler's Recovery Plan had been implemented. The main findings are: i) an optimal CFP would have generated profits of more than 667 millions euros, ii) if side-payments are allowed (implemented by ITQ's, for example) these profits increase 26%

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Fuente de los datos: Dialnet