@article{ ISI:000259966800005,
Author = {Hoff, Ayoe and Frost, Hans},
Title = {{Modelling economic response to harvest and effort control in North Sea
   cod fishery}},
Journal = {{AQUATIC LIVING RESOURCES}},
Year = {{2008}},
Volume = {{21}},
Number = {{3, SI}},
Pages = {{259-264}},
Month = {{JUL-SEP}},
Note = {{Conference of the European-Association-of-Fisheries-Economists,
   Reykjavik, ICELAND, 2007}},
Abstract = {{A number of European fishing fleets have been regulated through a
   combination of quota and effort (sea days) controls since 2004. These
   two regulation schemes are, however, interrelated, i.e. a given quota
   limit will necessarily determine the effort used and vice versa. A
   bioeconomic feedback model is presented which takes this causality
   between effort and harvest control into account, and switches back and
   forth between these two regulation schemes depending on which is the
   binding rule. The model is based on biological stock projection, and
   quotas are set using the Pope approximation while an economic production
   function is used to estimate the harvest when the effort is binding. The
   economic response of the fleet is modelled through a dynamic
   investment/disinvestment module which evaluates the change in the fleet
   capacity given the economic outcome of the fishery. A simple example is
   presented for the Danish seiners catching cod in the North Sea. The
   model has been constructed as part of the 6th framework project
   ``Operational Evaluation Tools for Fisheries Management Options
   (EFIMAS){''}.}},
Publisher = {{EDP SCIENCES S A}},
Address = {{17, AVE DU HOGGAR, PA COURTABOEUF, BP 112, F-91944 LES ULIS CEDEX A,
   FRANCE}},
Type = {{Article; Proceedings Paper}},
Language = {{English}},
Affiliation = {{Hoff, A (Reprint Author), Univ Copenhagen, Fac Life Sci, Inst Food \& Resource Econ, Rolighedsvej 25, DK-1958 Frederiksberg C, Denmark.
   Hoff, Ayoe; Frost, Hans, Univ Copenhagen, Fac Life Sci, Inst Food \& Resource Econ, DK-1958 Frederiksberg C, Denmark.}},
DOI = {{10.1051/alr:2008038}},
ISSN = {{0990-7440}},
Keywords = {{Combined quota and effort control; Bio-economic modelling; FLR
   (Fisheries Laboratory in language R)}},
Keywords-Plus = {{STOCK; HAKE}},
Research-Areas = {{Fisheries; Marine \& Freshwater Biology}},
Web-of-Science-Categories  = {{Fisheries; Marine \& Freshwater Biology}},
Author-Email = {{ah@foi.dk}},
ResearcherID-Numbers = {{Frost, Hans Staby/E-1213-2015}},
ORCID-Numbers = {{Frost, Hans Staby/0000-0002-5680-4695}},
Number-of-Cited-References = {{15}},
Times-Cited = {{5}},
Usage-Count-Last-180-days = {{0}},
Usage-Count-Since-2013 = {{9}},
Journal-ISO = {{Aquat. Living Resour.}},
Doc-Delivery-Number = {{359DO}},
Unique-ID = {{ISI:000259966800005}},
OA = {{No}},
DA = {{2017-08-17}},
}

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These two regulation schemes are, however, interrelated, i.e. a given quota limit will necessarily determine the effort used and vice versa. A bioeconomic feedback model is presented which takes this causality between effort and harvest control into account, and switches back and forth between these two regulation schemes depending on which is the binding rule. The model is based on biological stock projection, and quotas are set using the Pope approximation while an economic production function is used to estimate the harvest when the effort is binding. The economic response of the fleet is modelled through a dynamic investment/disinvestment module which evaluates the change in the fleet capacity given the economic outcome of the fishery. A simple example is presented for the Danish seiners catching cod in the North Sea. 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A\n bioeconomic feedback model is presented which takes this causality\n between effort and harvest control into account, and switches back and\n forth between these two regulation schemes depending on which is the\n binding rule. The model is based on biological stock projection, and\n quotas are set using the Pope approximation while an economic production\n function is used to estimate the harvest when the effort is binding. The\n economic response of the fleet is modelled through a dynamic\n investment/disinvestment module which evaluates the change in the fleet\n capacity given the economic outcome of the fishery. A simple example is\n presented for the Danish seiners catching cod in the North Sea. 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