@article{fdi:010063718,
  title = {{E}stimating the economic loss of recent {N}orth {A}tlantic fisheries management},
  author = {{M}erino, {G}. and {B}arange, {M}. and {F}ernandes, {J}. {A}. and {M}ullon, {C}hristian and {C}heung, {W}. and {T}renkel, {V}. and {L}am, {V}.},
  editor = {},
  language = {{ENG}},
  abstract = {{I}t is accepted that world's fisheries are not generally exploited at their biological or their economic optimum. {M}ost fisheries assessments focus on the biological capacity of fish stocks to respond to harvesting and few have attempted to estimate the economic efficiency at which ecosystems are exploited. {T}he latter is important as fisheries contribute considerably to the economic development of many coastal communities. {H}ere we estimate the overall potential economic rent for the fishing industry in the {N}orth {A}tlantic to be {B}e 12.85, compared to current estimated profits of {BE} 0.63. {T}he difference between the potential and the net profits obtained from {N}orth {A}tlantic fisheries is therefore {B}e 12.22. {I}n order to increase the profits of {N}orth {A}tlantic fisheries to a maximum, total fish biomass would have to be rebuilt to 108 {M}t (2.4 times more than present) by reducing current total fishing effort by 53%. {S}tochastic simulations were undertaken to estimate the uncertainty associated with the aggregate bioeconomic model that we use and we estimate the economic loss {NA} fisheries in a range of 2.5 and 32 billion of euro. {W}e provide economic justification for maintaining or restoring fish stocks to above their {MSY} biomass levels. {O}ur conclusions are consistent with similar global scale studies.},
  keywords = {{ATLANTIQUE} {NORD}},
  booktitle = {},
  journal = {{P}rogress in {O}ceanography},
  volume = {129},
  numero = {{SI}},
  pages = {314--323},
  ISSN = {0079-6611},
  year = {2014},
  DOI = {10.1016/j.pocean.2014.04.022},
  URL = {https://www.documentation.ird.fr/hor/fdi:010063718},
}