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Growth Overfishing and Intra-seasonal Fisheries Models
RFF Academic Seminar

Martin D. Smith

Early work in fisheries economics focused on solving the commons problem with an emphasis on the recruitment stock externality. Policy makers are increasingly choosing to manage fisheries with economic instruments in the form of Individually Transferable Quotas (ITQs), aka “catch shares.” However, ITQs are insufficiently delineated to handle most fisheries problems. Growth overfishing is a key area that ITQs fail to address. I illustrate the importance of growth overfishing with a series of papers that explore within-season strategic interactions of fishermen, managing size structure, and the effects of ecological stress on optimal management. Future research needs to move beyond ITQs as currently practiced and focus on within-season processes to fine-tune policy instruments that solve the commons problem.

Thursday, September 8, 2011
12 - 1:30 p.m.

Lunch will be provided

7th Floor Conference Center
1616 P St. NW
Washington, D.C. 20036

All seminars will be in the 7th Floor Conference Room at RFF, 1616 P Street NW. Attendance is open, but involves pre-registration no later than two days prior to the event. For questions and to register to an event, please contact Daniel McDermott at (tel. 202-328-5174). Updates to our academic seminars schedule will be posted at

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