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Spatial management of a fishery under parameter uncertainty

Kvamsdal, Sturla Furunes; Groves, Theodore
Working paper
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URI
http://hdl.handle.net/11250/163148
Date
2008-06
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  • Discussion papers (SAM) [638]
Abstract
Spatial management of a fishery under parameter uncertainty is analyzed. The habitat is divided into two areas, and the effort level in the two areas may be different. The migration of biomass between the areas follows a diffusion process; two different specifications are considered. The model features logistic growth and Schaefer production functions. The intrinsic growth rate is treated as uncertain; the uncertainty is symmetric

and spatially homogeneous. It is found that the optimal, spatial distribution

of effort with respect to expected harvest is neither homogeneous or heterogeneous

everywhere, but homogenous for a given subset of the parameter space and heterogeneous elsewhere.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2008:13

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