@article{Woolley:139929,
      recid = {139929},
      author = {Woolley, Jayden and Caputo, Mark and Bright, Melissa},
      title = {BRIDGING THE GAP BETWEEN ECONOMIC THEORY AND FISHERIES  MANAGEMENT - A CASE STUDY OF THE SOUTH AUSTRALIAN SNAPPER  FISHERY},
      address = {2006},
      number = {417-2016-26339},
      pages = {28},
      year = {2006},
      abstract = {In South Australia, commercial and recreational fishers  compete to catch Snapper from a single stock. To distribute  this resource appropriately, the widely accepted conceptual  framework for optimizing the net benefits from resource  allocation is applied. That is, by finding the point at  which the marginal net economic values of the recreational  and commercial sectors are equal, the optimal allocation  between the competing users can be found.
Research results  indicate that given certain assumptions, the net economic  benefits from Snapper fishing in SA could be increased if  catch was reallocated from the commercial to the  recreational sector. The sensitivity analysis carried out  on the results demonstrated little change due to the  shortfall between the marginal commercial economic benefit  curve and the estimated recreational marginal willingness  to pay},
      url = {http://ageconsearch.umn.edu/record/139929},
      doi = {https://doi.org/10.22004/ag.econ.139929},
}