A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies. (July 2017)

• Record Type: Journal Article
• Authors: Da-Rocha, José-María; Prellezo, Raúl; Sempere, Jaume; Taboada Antelo, Luis
• Is Part Of: Marine policy. Volume 81(2017)
• Page Start: 185
• Page End: 195
• Publication Date: 2017-07
• Subjects: Vessel dynamics -- General equilibrium model -- Multiannual management plans; Marine resources -- Economic aspects -- Periodicals; Fisheries -- Periodicals; Ressources marines -- Aspect économique -- Périodiques; Pêches -- Périodiques; Fisheries; Marine resources -- Economic aspects; Periodicals; 333.916405
• DOI: 10.1016/j.marpol.2017.03.029
• Languages: English
• ISSNs: 0308-597X

Abstract

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