| This paper deals with the biological, ecological and economic impact of global warming and mangrove habitat availability on the French Guiana shrimp fishery. A dynamic bio-economic model is built by employing a shrimp stock's growth function depending on Sea Surface Temperature (SST) and on mangrove surface. The model is empirically calibrated for the French Guiana shrimp fishery using time series collected over 1995–2011. First, two Cobb-Douglas functions, which describe shrimp's natural growth and harvest, are estimated. Then, a Maximum Economic Yield (MEY) harvest rule, based on the optimization of the net present value derived from fishing, is computed. Three management strategies are compared (Closure, Status Quo management, and MEY) under three... |
