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Management of North-East arctic cod : an age-structured, multi-fleet analysis

Bang, Rasmus Noss
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R04_19_(1).pdf (1.433Mb)
URI
http://hdl.handle.net/11250/2639726
Date
2019-10
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  • Reports (SNF) [542]
Abstract
The North-East Arctic cod fishery is of economic and cultural importance. The stock is subject

to joint management by Norway and Russia. Today’s stock management strategy is designed

to achieve the maximum sustainable yield given the current selection pattern. The current

selection pattern is largely determined by the fleet-composition, i.e. the distribution of the total

allowable catch in terms of shares. By use of an age-structured, multi-fleet, bioeconomic model,

it is shown that the stock has biological potential that cannot be realized with today’s

management. The same goes for the economic potential of the Norwegian part of the fishery.

Biological gains in terms of an increase in the sustainable yield may be achieved by altering the

overall selection pattern through changes in the fleet-composition. Economic gains in terms of

an increase in the net present value of the Norwegian part of the fishery may be achieved by

changing the fleet-composition and reducing the overall fishing pressure.
Publisher
SNF

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