Time-Dependent Quotas for the Southern Bluefin Tuna Fishery

Abstract

It is now officially recognized by the governments of Australia and Japan that the southern bluefin tuna fishery has been overexploited and that harvests must be controlled. A dynamic programming model applicable to multicohort fisheries is developed for finding approximately optimal time-dependent quotas. Results from applying the model to the southern bluefin tuna fishery indicate that restricting or eliminating the Australian catch of under 4-year-olds would benefit both countries.Environmental Economics and Policy, International Relations/Trade, Resource /Energy Economics and Policy,