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Simple adaptive rules describe fishing behaviour better than perfect rationality in the US West Coast Groundfish fishery

Abstract:

Most bio-economic models in fisheries assume perfectly rational profit-maximizing behaviour by fishing vessels. Here we investigate this assumption empirically. Using a flexible agent-based model of fishing vessels called POSEIDON, we compared predicted fishing patterns to observed patterns in logbook data, that resulted from a wide range of stylized decision-making processes in the U.S. west coast dover sole-thornyhead-sablefish (DTS) fishery, which is managed with tradable quotas (ITQs). We...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.ecolecon.2019.106449

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Geography
Role:
Author
ORCID:
0000-0002-1045-6787
Publisher:
Elsevier
Journal:
Ecological Economics More from this journal
Volume:
169
Article number:
106449
Publication date:
2019-12-13
Acceptance date:
2019-08-23
DOI:
ISSN:
0921-8009
Language:
English
Keywords:
Pubs id:
pubs:1061430
UUID:
uuid:68221c41-7e21-4591-8dab-9271d5208a39
Local pid:
pubs:1061430
Source identifiers:
1061430
Deposit date:
2019-10-09

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