Economics of Overexploitation Revisited

@article{Grafton2007EconomicsOO,
  title={Economics of Overexploitation Revisited},
  author={R. Quentin Grafton and Tom Kompas and Ray Hilborn},
  journal={Science},
  year={2007},
  volume={318},
  pages={1601 - 1601}
}
About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). By using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the dynamic maximum economic yield (MEY), the biomass that produces the largest discounted economic profits from fishing, exceeds MSY. Thus, although it is theoretically… 

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