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Building economic operating models in support of a management strategy evaluation for the Gulf of Maine American Lobster Fishery
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2023
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Description:The project “Building Economic Operating Models in Support of a Management Strategy Evaluation for the Gulf of Maine American Lobster Fishery” ran from October 2021 to September 2022. The project aimed to conduct research to review the literature on bioeconomic studies of the American lobster (Homarus americanus) fishery and to build a conceptual model of the key economic dynamics affecting the performance of the lobster fishery in the Gulf of Maine. This report presents: (1) the literature review findings of empirical bioeconomic models related to the American lobster fishery and operating models used in Management Strategy Evaluation (MSE) processes in other lobster fisheries; (2) lobster fishery experts’ recommendations on factors and processes that drive the fishery’s performance, and (3) a conceptual simulation framework for the American lobster fishery. This report intends to inform those interested in understanding the economic dynamics of the lobster fishery and those seeking to build economic models that characterize the harvest and market dynamics of the fishery.
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Rights Information:CC0 Public Domain
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Compliance:Submitted
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