Maximum Economic Yield and Nonlinear Catchability
Maximum economic yield (MEY) as derived from Schaefer’s (1957) bioeconomic model was potentially a major contribution to fishery management, but it has been hard to apply to fishery management in reality. Schaefer’s model with fixed catchability and associated linear CPUE does not match the variable nature of catchability resulting from technological progress and schooling behavior, leading to a biased estimation of MEY or economic optimal biomass (BMEY)…Read more with open access