Optimal exploitation of a fishery employing a non-linear harvesting function

A harvesting function is developed to described the rate of removal of fish from a fish population. The function incorporates the effects of both the handling or processing time of the catch and the competition, between boats in the fleet, for the fish.We will assume that the growth rate of the fish population can be modelled with a concave, dome shaped growth curve. With this assumption, it has been shown that if the rate of harvesting the fish is linearly related to both effort (which can be thought of as some measure of the number of boats in the fleet) and the population size, then the population will tend towards a single equilibrium level which is globally stable. This paper shows that the saturation effects due to the handling time may generate two equilibrium levels (one stable, one unstable) rather than a single globally stable equilibrium. The results of competition between boats are economically undesirable because of the decrease in efficiency. However, this competition may be beneficial to the exploited fish population.Using the harvesting model derived earlier, the steady state or long term optimal harvesting policies as well as the transition paths to these states are developed. The only constraint is on the maximum allowable effort which is effectively an upper limitation on the fleet size or number of man-hours of fishing.