Small-island communities in develo** countries rely heavily on wild fisheries to meet the
communities' food and livelihood needs. These communities' remoteness, insularity and the …

Excess capacity is a major concern for fisheries management worldwide. It is often argued
that Individual Transferable Quota (ITQ) systems will enhance efficiency and alleviate …

This article develops and implements a stochastic optimal control approach to value
renewable natural resources in the case of Marine Fisheries. The model includes two …

This paper emphasizes on capacity utilization, highlighting the uncertain transition from
unutilized to utilized capacity as a critical aspect of the fishing process. Our approach …

We analyze a continuous, nonlinear bioeconomic model to demonstrate how stochasticity in
the growth of fish stocks affects the optimal exploitation policy when prices are stochastic …

Understanding the process whereby fishing capital accumulates and excess capacity
emerges, particularly in fisheries where incentives for race to fish and race to invest are …

We present a multispecies stochastic model that suggests optimal fishing policy for two
species in a three‐species predator–prey ecosystem in the Barents Sea. We employ …

This article investigates the risk of stock collapse due to stochastically induced critical
depensation in managed fisheries. We use a continuous-time surplus production model and …

Abstract An Agent-Based Model comprising a fish stock, a fishing fleet and a fish market is
used to investigate the combined effects of environmental and market variability on the …

Multispecies fisheries management is the first step towards ecosystem-based fisheries
management. Multispecies management accounts for a number of species and their …