Optimal Harvesting of a Prey-Predator Fishery: An Overlapping Generations Analysis

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2019-12-01

Author

Özgün, Burcu
Öztürk, Özgen
Küçükşenel, Serkan

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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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Citation Formats

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.