One of the difficulties in managing a fishery in a free enterprise system is that excess capacity may be created through over capitalization. This happened in 1970 when the capacity of the Peruvian anchoveta fishermen was sufficient to catch and process the maximum annual growth rate in less than 3 months. A disadvantage of restricting access to the fishery by closing the season after a quota is reached is that this excess capacity is idle during much of the season, which creates a politically and economically unsatisfying situation. An alternative is to control the capacity in some manner. Suggest several procedures for controlling the capacity that is developed. What difficulties would be involved in implementing a procedure such as restricting the number of commercial fishing permits issued?

Problems 5 and 6 are related to fishing regulation.

Data from problem 5

One of the key assumptions underlying the models developed in this section is that the harvest rate equals the growth rate for a sustainable yield. The reproduction submodelsin Figures 13.19 and 13.22 suggest that if the current population levels are known, it is possible to estimate the growth rate. The implication of this knowledge is that if a quota for the season is established based on the estimated growth rate, then the sh population can be maintained, increased, or decreased as desired. This quota system might be implemented by requiring all commercial shermen to register their catch daily and then closing the season when the quota is reached. Discuss the difculties in determining reproduction models precise enough to be used in this manner. How would you estimate the population level? What are the disadvantages of having a quota that varies from year to year? Discuss the practical political difficulties of implementing such a procedure. 

Figure 13.19

Figure 13.22

Transcribed Image Text:

g(M) Growth rate N g(N2) N2 N 11 N