Open AccessTHE EFFECT OF INFORMATION ON A STOCHASTIC, SPATIALLY DISTRIBUTED FISHERY
Author(s) -
CRIPE GREG
Publication year - 2003
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.1939-7445.2003.tb00106.x
Subject(s) - stock (firearms) , fishery , control (management) , economics , environmental science , business , geography , biology , archaeology , management
. Survival rates and carrying capacities in a fishery may be strongly affected by variations in climatic factors. When the stock is under the control of a single manager, information about the stochastic growth parameters leads to improved economic returns. However, when the stock is transboundary, additional information concerning the stochastic parameters can lead to over harvesting and in turn to lower economic returns. When the harvests are taken sequentially by more than one fleet, additional information will benefit the first harvester while harming those who follow.