U.S. federal law calls for an end to overfishing, but measuring overfishing requires knowledge of bioeconomic parameters. Using micro-level economic data from the commercial fishery, this paper proposes a two-stage approach to estimate these parameters for a generalized fishery model. In the...

Structural models can assess the effectiveness of fishery management prospectively and retrospectively. However, when only fishery-dependent data are available, structural econometric models are highly nonlinear in the parameters, and maximum likelihood and other extremum-based estimators can...