"This paper examines market integration between fish species in Europe, taking international market integration into account. Based on Juselius (2006), market integration is found both on the fresh and frozen markets. The Law of One Price is in force on the fresh market within the segments of flatfish and pelagic fish. Assuming transitivity, a loose form of market integration is identified between 13 fresh and seven frozen fish species, and the relative prices are found fairly stable. The policy implication is that catch limitation measures implemented through the Common Fisheries Policy have limited and conditional effects on prices, because of the large size of the market and varying market integration. Therefore, many fishermen are not 'compensated' by price increases as a result of catch limitation measures." Copyright (c) 2009 The Authors. Journal compilation (c) 2009 The Agricultural Economics Society.
-Catchability is crucial for the economic performance of fisheries and their management. However, in many bio-economic simulation models it is assumed to be either constant or it is largely ignored, despite the fact that it is known to vary due to technical, environmental and behavioral factors. Such variation can cause the relationship between effort and fishing mortality to be nonlinear. This paper provides evidence for the possibility of nonlinear optimizing behavior from the Dutch beam trawl fishery, provides a methodology for estimating the curvature of the resulting relation, and a simple way of implementing these processes within a bio-economic model. Moreover, it shows the influence of a nonlinear relationship between effort and fishing mortality in a model of effort management (EU long-term flatfish management plan).
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