2016
DOI: 10.1016/j.fishres.2015.08.024
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Reconciling yield stability with international fisheries agencies precautionary preferences: The role of non constant discount factors in age structured models

Abstract: Summary:International fisheries agencies recommend exploitation paths that satisfy two features. First, for precautionary reasons exploitation paths should avoid high fishing mortality in those fisheries where the biomass is depleted to a degree that jeopardise the stock's capacity to produce the Maximum Sustainable Yield (MSY). Second, for economic and social reasons, captures should be as stable (smooth) as possible over time. In this article we show that a conflict between these two interests may occur when… Show more

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Cited by 10 publications
(2 citation statements)
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References 45 publications
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“…Da Rocha & Gutiérrez, 2011;Da-Rocha & Pujolas, 2011;Da Rocha & Mato-Amboage, 2016;Da Rocha & Sempere, 2016;Da Rocha, Cerviño, & Gutiérrez, 2010;Da Rocha, Gutiérrez, Cerviño, & Antelo, 2012;Da Rocha, Gutiérrez, & Antelo, 2013;Da Rocha, Gutiérrez, Garcia-Cutrin, & Jardim, 2015;Da Rocha, Gutiérrez, Garcia-Cutrin, & Touza, 2016;Da Rocha, Gutiérrez, Garcia-Cutrin, & Jardim, 2017;Arnason, 2002;Weninger and Just, 2002;Heaps, 2003;Weninger and Waters, 2003;Weninger, 2008;Kitts et al, 2011. 11 DISPLACE Bastardie, Nielsen, Andersen, & Eigaard, 2010Bastardie et al, 2013Bastardie et al, , 2014Bastardie, Nielsen, Eigaard, et al, 2015;Bastardie, Nielsen, Eero, Fuga, & Rindorf, 2017;Nielsen, Kristensen, Lewy, & Bastardie, 2014;www.…”
Section: Stoch Hcr (Itq Wealth)mentioning
confidence: 99%
“…Da Rocha & Gutiérrez, 2011;Da-Rocha & Pujolas, 2011;Da Rocha & Mato-Amboage, 2016;Da Rocha & Sempere, 2016;Da Rocha, Cerviño, & Gutiérrez, 2010;Da Rocha, Gutiérrez, Cerviño, & Antelo, 2012;Da Rocha, Gutiérrez, & Antelo, 2013;Da Rocha, Gutiérrez, Garcia-Cutrin, & Jardim, 2015;Da Rocha, Gutiérrez, Garcia-Cutrin, & Touza, 2016;Da Rocha, Gutiérrez, Garcia-Cutrin, & Jardim, 2017;Arnason, 2002;Weninger and Just, 2002;Heaps, 2003;Weninger and Waters, 2003;Weninger, 2008;Kitts et al, 2011. 11 DISPLACE Bastardie, Nielsen, Andersen, & Eigaard, 2010Bastardie et al, 2013Bastardie et al, , 2014Bastardie, Nielsen, Eigaard, et al, 2015;Bastardie, Nielsen, Eero, Fuga, & Rindorf, 2017;Nielsen, Kristensen, Lewy, & Bastardie, 2014;www.…”
Section: Stoch Hcr (Itq Wealth)mentioning
confidence: 99%
“…Galor and Ozak [9] demonstrate that people evolve to have long-term orientations when they have lived in a region where high return to agricultural investment or crop yield is expected. Some studies, such as Duncan et al, Ekeland et al, and Da-Rocha et al [14][15][16] suggest that time preferences of resource users are characterized by non-constant discount factors, demonstrating that such non-constant discount factors of resource users significantly affect harvesting strategies and the associated trajectories of resource stocks.…”
Section: Introductionmentioning
confidence: 99%