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N AT U R A L R E SO U RC E M O D E L IN G
Volum e 21, N um b er 4, W inter 2008
HARVESTING AN AGE-STRUCTURED POPULATION
AS BIOMASS: DOES IT WORK?
OLLI TAHVONEN∗
Fishery and Environmental Management Group, FEM
University of Helsinki
Department of Biological and Environmental Sciences Helsinki, Finland Finnish
Forest Research Institute, Unioninkatu 40A, 00170 Helsinki, Finland
E-mail: olli.tahvonen@metla.fi
Abstract. The economics of fisheries is based heav-
ily on describing fish populations by the surplus production
model. Both economists and ecologists have different opinions
on whether this approach provides an adequate biological ba-
sis for economic analysis. This study takes an age-structured
population model and shows how, under equilibrium condi-
tions, it determines the surplus production model. The surplus
production model is then used to solve an optimal feedback
policy for a generic optimal harvesting problem. Next, it is
assumed that the fishery manager applies this feedback policy
even though the fish population actually evolves according to
the age-structured model. This framework is applied to the
widow rockfish, Atlantic menhaden, and Pacific halibut fish-
eries. Population age-structure contains information on future
harvest possibilities. The surplus production model neglects
this information and may lead to major deviations between
the expected and actual outcomes especially under multiple
steady states and nonlinearitie
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