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

Last modified: 
April 10, 2017 - 8:35pm
Type: Journal Article
Year of publication: 2017
Date published: 07/2017
Authors: José-María Da-Rocha, Raúl Prellezo, Jaume Sempere, Luis Antelo
Journal title: Marine Policy
Volume: 81
Pages: 185 - 195
ISSN: 0308597X

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 strategy is followed, while individual results depend on the indicator selected.

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