| Understanding the dynamics of fishing effort plays a key role in predicting the impacts of regulatory measures on fisheries. In recent years, there has been a growing interest in the use of bio-economic models to represent and analyze the short-term dynamics of fishing effort in response to regulation in the fisheries management literature. In this literature, fishing firms are usually modeled as autonomous decision-making units determining their harvest strategies so as to maximize profit, given technical and institutional constraints. The overall dynamics of a fishery is modeled as the result of these individual choices, and of interactions between individual choices due to the impacts of harvesting on the fish stock and/or problems of congestion.... |
