publication . Article . 2017

A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies

Name: A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies
Keywords: Vessel dynamics, General equilibrium model, Multiannual management plans, 5312.01 Agricultura, Silvicultura, Pesca, Economics and Econometrics, Aquatic Science, Law, Management, Monitoring, Policy and Law, General Environmental Science

Luis T. Antelo; José-María Da-Rocha; Raúl Prellezo; Jaume Sempere;

Open Access English

Published: 01 Jul 2017

Publisher: Elsevier

Country: Spain

Summary

Abstract

The paper develops and analyses a dynamic general equilibrium model with heterogeneous agents that can be used for assessment of the economic consequences of fish stock-rebuilding policies within the EU. In the model, entry and exit processes for individual plants (vessels) are endogenous, as well as output, employment and wages. This model is applied to a fishery of the Mediterranean Sea. The results provide both individual and aggregate data that can help managers in understanding the economic consequences of rebuilding strategies. In particular, this study shows that, for the application presented, all aggregate results improve if the stock rebuilding strateg...

doi: 10.1016/j.marpol.2017.03.029

handle: 10261/148843

Subjects

free text keywords: Vessel dynamics, General equilibrium model, Multiannual management plans, 5312.01 Agricultura, Silvicultura, Pesca, Economics and Econometrics, Aquatic Science, Law, Management, Monitoring, Policy and Law, General Environmental Science, Mediterranean sea, Economic equilibrium, Fishery, Aggregate data, Economic assessment, General equilibrium theory, Economics, Economic consequences

Related Organizations

Funded by

EC| MINOUW