Bio-economic stability of the North Sea shrimp stock with endogenous fishing effort

McDonald, A.D.; Hanf, C.H.

Bio-economic stability of the North Sea shrimp stock with endogenous fishing effort

1992

McDonald, A.D. | Hanf, C.H.

A continuous stochastic model with endogenous effort is used to describe the German component of the North Sea shrimp fishery. Empirical estimates are obtained using annual data over a 25-year period. These estimates are conditioned on a number of fixed coefficients taken from other studies but are indicative of good model performance. The fishery has not been subject to increasing fishing effort over the study period, and the shrimp stock does not appear to have fallen over time.

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