Optimum management of a hierarchically exploited open access resource: A multilevel optimization approach

Hayri Önal

Research output: Contribution to journalArticlepeer-review

Abstract

A multilevel optimization approach is presented for determining the optimum management of the Texas brown shrimp fishery. Independent fisher groups harvest this open access resource in a hierarchical order without cooperation among themselves or with the management authority. The special structure of the problem is exploited to derive the fishers' optimum responses to any arbitrary specification of the policy variables (season and area closures). Empirical results indicate that significant losses of income and harvest value would occur if the fishery were unmanaged. The results also indicate that optimum closure policies vary significantly depending on the policy objective specification.

Original languageEnglish (US)
Pages (from-to)448-459
Number of pages12
JournalAmerican Journal of Agricultural Economics
Volume78
Issue number2
DOIs
StatePublished - May 1996

Keywords

  • Closure
  • Multilevel optimization
  • Open access
  • Shrimp fishery

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Optimum management of a hierarchically exploited open access resource: A multilevel optimization approach'. Together they form a unique fingerprint.

Cite this