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European Review of Agricultural Economics Advance Access originally published online on May 19, 2007
European Review of Agricultural Economics 2007 34(2):181-208; doi:10.1093/erae/jbm010
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© Oxford University Press and Foundation for the European Review of Agricultural Economics 2007; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org

Multiple objectives and perceptions of optimal management: The Danish industrial fishery in the North Sea

Jens Kjærsgaard1,, Jesper Andersen1 and Christoph Mathiesen2

1 Institute of Food and Resource Economics (FOI), Copenhagen, Denmark
2 Institute for Fisheries Management and Coastal Community Development (IFM), Hirtshals, Denmark

Corresponding author: Jens Kjærsgaard, Institute of Food and Resource Economics (FOI), Rolighedsvej 25, 1958 Frederiksberg C, Denmark. E-mail: jk{at}foi.dk

Received November 2005; Revision received January 2007. Fisheries management involves many stakeholders with different opinions about how the fishery should be optimally managed. This paper presents a multi-objective bio-economic model, which is able to incorporate the preferences of managers and other stakeholders. The model is a weighted goal programme covering the Danish industrial fishery. Economic, political and biological concerns are considered simultaneously and, by applying the preference structures of different stakeholders, it shows how the optimally managed fishery would look from the perspective of managers and various interest groups. Managers, in this case the Danish Ministry of Food, Agriculture and Fisheries, are provided with a management tool that shows the consequences of their preferences towards the objectives, and can be compared with optimal solutions as perceived by other stakeholders.

Keywords: weighted goal programming, stakeholders' preferences, fisheries management

JEL classification: C61, L52, Q22


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