117


 180

 175

 170 -

 165 -

 .160 -

 155 -

 150 -
 Proportionate
 1 I I Increase in
 0 .05 .10 .15 .20 .25 .30 Fishing Power
 Components


 Figure 14. Optimum number of vessels corresponding to maximum
 economic yield for increasing levels of average
 fishing power


average fishing power per vessel increases. Figure 15 illustrates the

change in standardized vessels necessary to catch MEY.

 The increased fishing effort, measured in terms of standardized

vessels, as average fishing power per vessel increases results from the

treatment of crewmen in the fishery as psuedo partners with vessel

captains. As crew size and vessel size increase, only costs attribut-

able to vessel size increase. Thus, the increased fishing power of

vessels resulting from increasing these two factors more than offsets

the increase in cost arising from fishing with larger vessels. The

increase in standardized vessels is significant in magnitude. At 1975

levels of fishing power, MEY is attained with 180 vessels, or 235 stan-

dardized vessels. A 25 percent increase in crew size and vessel size

reduces the nominal number of vessels-necessary to catch maximum