DURHAM, NC - By identifying the most efficient fishing practices and behaviors, a new model developed by economists at Duke University and the University of Connecticut could help fishermen land larger paychecks while reducing the risk of fishery depletion.
"We're not talking about a trivial improvement. In some cases, we found that identifying the most efficient practices led to a 20 percent annual increase in total revenues if the fishery is managed differently," said Martin D. Smith, professor of environmental economics at Duke's Nicholas School of the Environment.
"Under perfect conditions, you could see up to a 49 percent increase in profits on average," he said.
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