Effect of Price , Costs and Social Discount Rate on Maximum Economic Yield : The Case of Mackerel Fishing in South Korea

Effective management of harvesting within fisheries requires setting of a management target for the stock biomass of the fishery and harvest strategies that maintain the stock biomass at levels that maximize the Maximum Economic Yield (MEY) of a fishery. The management structure, stock level and nature and extent of fishing effort that generates MEY depends… CONTINUE READING