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Optimal Harvesting of a Prey-Predator Fishery: An Overlapping Generations Analysis
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Date
2019-12-01
Author
Özgün, Burcu
Öztürk, Özgen
Küçükşenel, Serkan
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Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
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Maximum sustainable yield (MSY) and maximum economic yield (MEY) harvesting strategies arecharacterized using an overlapping generations (OLG) model of heterogeneous (prey - predator)fishery. A proper modeling of real-life cycle dynamics of fish is introduced with a commonly usedprey-predator interaction system of equations to create heterogeneity. Prey-predator interaction ismodeled with three different functional forms: prey dependent, predator dependent and ratiodependent. MSY and MEY harvesting strategies with these three different forms are given underperfect and imperfect fishing selectivity and presented both numerically and graphically.
Subject Keywords
Bioeconomics
,
Maximum sustainable yield
,
Overlapping generations
,
Prey-Predator fishery
URI
https://hdl.handle.net/11511/39865
Journal
Boğaziçi Journal: Review of Social, Economic and Administrative Studies
DOI
https://doi.org/10.21773/boun.33.2.2
Collections
Department of Economics, Article
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B. Özgün, Ö. Öztürk, and S. Küçükşenel, “Optimal Harvesting of a Prey-Predator Fishery: An Overlapping Generations Analysis,”
Boğaziçi Journal: Review of Social, Economic and Administrative Studies
, pp. 1–21, 2019, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/39865.