Application of Bioeconomic Model in Marine Fish Production
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Considering different fish landing centers located at Midnapore district the study highlights the scenario of marine fisheries in West Bengal at a glance. An attempt has been made to empirically estimate maximum sustainable yield (MSY),maximum economic yield (MEY) & Open access yield(OAY) by applying Surplus Production Model developed by Schaeffer(1954). In order to judge the consistency of empirically estimated results with the theoretical observations a comparison has been made among the estimated yields & their corresponding efforts. The policy prescriptions focus on the extent to which ope...
Considering different fish landing centers located at Midnapore district the study highlights the scenario of marine fisheries in West Bengal at a glance. An attempt has been made to empirically estimate maximum sustainable yield (MSY),maximum economic yield (MEY) & Open access yield(OAY) by applying Surplus Production Model developed by Schaeffer(1954). In order to judge the consistency of empirically estimated results with the theoretical observations a comparison has been made among the estimated yields & their corresponding efforts. The policy prescriptions focus on the extent to which open access fishing can be allowed without violating the sustainability criteria.
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