TABLE OF CONTENTS ACKNOWLEDGMENTS .. . ... LIST OF TABLES . . LIST OF FIGURES .. .......... . ABSTRACT ........... CHAPTERS I INTRODUCTION .. ........... Objectives . . Scope . II THEORETICAL FOUNDATIONS ............ Biological Theory ......... Sustainable Yield. .. ....... Stock Production Models .. ...... Basic Bioeconomic Models of the Fishery . Static Bioeconomic Fishery Models .. ... Dynamic Bioeconomic Fishery Models ... Theoretical Extensions .. .. Fishing Effort and Equilibrium Yield . Variable Product Price .... A Multi-Sector Fishery .... III EMPIRICAL MODEL ....... Introduction . . Catch Equation Specification and Estimation . Specification of Fishing Effort .. .... Within Region Specification Considerations Stochastic Approximation of Resource Stock Effects . . iii Page ii vi ix xi 1 6 8 9 10 10 14 18 19 24 33 34 38 43 51 51 52 53 55 57