Fishery harvest control rules from bioeconomic optimization

Harvest control rules (HCRs) are a central part of multiannual fisheries management plans as they are used to determine the appropriate catch levels based on current stock levels. Typically these HCRs are constructed using biological reference points, and although fisheries are inherently an economic activity, it is not common to use economic variables explicitly in the process. For this reason there is a need to know how a conventional HCR...