Optimal Harvesting of the Norwegian Spring-Spawning Herring: Variable Versus Fixed Harvesting Strategies

In this paper we study optimal harvesting of the Norwegian spring-spawning herring stock. The biological model is described by a discrete time age-structured model. The optimal harvesting patterns are studied numerically and the results show that when using a linear cost function and constant price in the optimisation model, the optimal harvesting pattern is pulse fishing. However, optimal constant fishing effort gives only slightly lower profit. Moreover, when price is made responsive to harvest the optimal harvesting strategy is substantially smoothed. This revised version was published online in July 2006 with corrections to the Cover Date.