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,Journal of
J. Math. Biology (1981) 12:265-293 Mathematical
131ology
by Springer-Verlag1981
Optimal Fishery Policy for Size-Specific,
Density-Dependent Population Models
Louis W. Botsford
University of California, Bodega Marine Laboratory, P. O. Box 247, Bodega Bay, CA 94923, USA
Abstract. Optimal harvest policy is derived for a size-specific population model
based on the continuity equation. In this model both growth and recruitment
rates can depend on either the number of individuals of specific sizes in the
population or the level of food available. Necessary conditions for values of
fishing pressure and size limit that maximize the present value of the resource
are obtained and are interpreted in economic terms. The general solution
obtained here reduces to solutions obtained previously for some special cases:
the single age-class model, and the linear age-dependent model. Solutions
involving constant fishery policy axe sought for several different, specific
versions of the general model. In each of these versions a constant policy
solution is not optimal. This implies that for a general, realistic model the policy
that maximizes present value is a time-varying or pulse fishing policy. The
theoretical and practical implications of the results are discussed in the light of
existing results.
Key words: Fishery policy - Pulse fishing size specific models - Age-specific
models - Fishery economics
1. Introduction
In spite of the fact that individual
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