Open AccessA MODEL OF THE NORTH CAROLINA BAY SCALLOP FISHERY WITH ENDOGENOUS FISHING EFFORT AND ENTRY
Author(s) -
Benford Frank A.
Publication year - 1995
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.1995.tb00199.x
Subject(s) - fishing , fishery , bay , agency (philosophy) , control (management) , principal (computer security) , value (mathematics) , business , economics , natural resource economics , geography , biology , mathematics , computer science , philosophy , statistics , archaeology , epistemology , operating system , management
The principal purpose of this model is to aid in the evaluation and design of regulations that affect the fishery. It differs from most previous models with a similar purpose in three ways. (1) Daily fishing costs are assumed to vary among fishermen. (2) Daily fishing effort is determined endogenously rather than being treated as a control variable. (3) Entry into the fishery is determined endogenously up to a cap imposed by the regulatory agency. The model explains the adverse reaction to a proposed attempt to increase the value of the fishery by delaying the opening date. The model is used to predict the economic consequences of four feasible sets of regulations.