Journal article

A Retrospective Evaluation of Sustainable Yields for Australia's Northern Prawn Fishery: An Alternative View

Sean Pascoe, Cathy M Dichmont, Simon Vieira, Tom Kompas, Rik C Buckworth, David Carter



The increasing interest in maximum economic yield (MEY) as a management target has been accompanied by considerable debate as to how MEY should be determined. Different interpretations as to how economic costs are treated may lead to different outcomes. For example, a recent paper by Wang and Wang (2012b) provided a retrospective analysis of a recent buyback program in a major Australian fishery aimed at moving the fishery to MEY and concluded that greater economic benefits would have been achieved had the buyback not taken place. However, the economic assumptions underlying this result are debatable. In this article, we provide our own analysis using corrected economic parameters and sugges..

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University of Melbourne Researchers