Spatial management of a fishery under parameter uncertainty is analyzed. The habitat is divided into two areas, and the effort level in the two areas may be different. The migration of biomass between the areas follows a diffusion process; two different specifications are considered. The model...

The biological resources of the sea have long fascinated man. The mystery of what lies beneath the surface has stimulated his imagination and nurtured hope that in this vast area there are resources capable of feeding a growing and a still hungry population for centuries to come. But, at the...