Fishery of Lake Ladoga — past, present and future

The post-war fishery of Lake Ladoga can be divided according to its catch level into four periods. In the years 1945–1954 the total annual catch increased, and reached the level of 4000 tonnes. In this period the fish stocks that had increased during the war years were intensively exploited. However, this fishery was not in balance with the stocks during the period 1955–1963. As a consequence, the catch decreased drastically, being sometimes less than 2000 tonnes.Controlling the fishery restored the abundance of whitefish Coregonus lavaretus (L.) and zander Stizostedion lucioperca (L.). This increased the total annual catch to about 5500 tonnes in 1964–1989. However, the fishery control measures have not been sufficient to achieve the conservation of salmon Salmo solar L. m. sebago, brown trout Salmo trutta L. and the migratory lake whitefish stocks.A decrease in the total fish catch has been observed since 1990. This decrease may be related to the deterioration of the environment of Lake Ladoga, caused by anthropogenic factors. The unfavourable state of the ecosystem has led to decline of the whitefish stocks and, especially during the last few years, to drastical decline of zander.Acute problems, to be faced in the near future, are connected with the hatchery maintenance of several river-spawning stocks, e.g. salmon, brown trout and migratory whitefish, because the existing fish hatcheries are insufficient in capacity and technically outdated.     

Factorial analysis of an experimental comparison of three methods of fishing for rainbow trout, Salmo gairdneri Richardson, in still water

A three day experiment compared angling returns for rainbow trout, Salmo gairdneri Richardson, using fly, spinner and worm fishing methods. The catches of these methods were most similar on the first day: 3.36/h, 2.61/h and 3.75/h for spinner, fly and worm fishing, respectively. Catch rates on subsequent days declined, but less so for worm fishing. Overall, the worm fishing method returned the highest catch rate and estimates of catch rates for a year on a trout fishery also indicated that this method returned the highest catch rate.     

Quantification of catch composition in fisheries: A methodology and its application to compare biodegradable and nylon gillnets

When evaluating fishing gear catches, the focus is often on a few species as opposed to the entire catch. In some fisheries this can lead to ignoring major part of catch composition. Thus, there is a need for a more holistic approach when evaluating the ecological impact of using a specific fishing gear and when comparing two or more gears. In this context, it is relevant to have a method that describes the total catch and quantifies proportions of the catch being wanted and unwanted. In this study, we outline such a method and demonstrate its applicability to catch data from a small-scale coastal gillnet fishery targeting European plaice (Pleuronectes platessa, Linnaeus, 1758) by comparing catch composition when using nylon and biodegradable gillnets. The results showed no significant differences in catch composition between gillnets made of the two materials. Therefore, the catch composition obtained using the more environmentally friendly biodegradable materials does not represent a barrier in this specific gillnet fishery. However, species selectivity of gillnets is still of concern as the primary target species constituted only half of the total catch composition in numbers while the rest was unwanted catch. The presented approach for quantifying and inferring the differences in catch composition can be further applied for assessing the performance of different fishing gears and their modifications.     

Effectiveness of lake trout (Salvelinus namaycush) suppression in Lake Pend Oreille,Idaho: 2006–2016

The nonnative lake trout (Salvelinus namaycush Walbaum, 1792) population in Lake Pend Oreille, Idaho increased exponentially during 1999–2006. This led to an unsustainable level of predation mortality on kokanee (Oncorhynchus nerka Walbaum, 1792), increased the conservation threat to native bull trout (Salvelinus confluentus Suckley, 1859), and jeopardized the popular recreational fishery for kokanee and rainbow trout (Oncorhynchus mykiss Walbaum, 1792). In response, lake trout were suppressed since 2006 using incentivized angling, gill netting, and trap netting. From 2006 through 2016, 193,982 lake trout were removed (50% by gill netting; 44% by angling; 6% by trap netting). During this period, age-8 + (adult) lake trout abundance declined by 64%, age-3 (recruit) abundance declined by 56%, and mean total annual mortality (A) was 31.1%. Lake trout did not show evidence of a density-dependent response. Kokanee did not collapse and rebounded to abundances not observed since before lake trout expansion. Bull trout abundance declined during suppression, but the population was sustained. Lake trout suppression allowed a harvest fishery for kokanee and trophy fishery for rainbow trout to be restored. We conclude that suppression can be an effective management action for mitigating effects of nonnative lake trout in a large, deep lake.

     

Salmonid predator–prey dynamics in Lake Pend Oreille,Idaho, USA

Our objective was to evaluate the long-term sustainability of lake trout Salvelinus namaycush and rainbow trout Oncorhynchus mykiss populations subjected to a range of fishing mortality (F) in Lake Pend Oreille, Idaho, USA, while providing for bull trout Salvelinus confluentus and kokanee Oncorhynchus nerka recovery. In order to achieve our objective, we developed a density-dependent stochastic predator–prey simulation model for the three major predators (lake trout, rainbow trout, and bull trout) on kokanee in Lake Pend Oreille. As F increased from 0.0 to 1.0, lake trout numbers in 2015 declined 90% for gillnetting, 76% for angling, and 48% for trap netting. At fishing mortality rates observed in Lake Pend Oreille during 2006, all methods combined and angling alone suppressed the lake trout population, but not gillnetting or trap netting alone. As F increased from 0.0 to 0.3, rainbow trout numbers in 2015 declined by 38%. Abundance of adult bull trout increased by 5.8% per year during 1996–2006, after implementation of no-kill regulations, which met the Federal Recovery Plan criterion of a stable or increasing trend in abundance. By 2010, total consumption of kokanee by lake trout, rainbow trout, and bull trout would increase by 20% if fishing mortality on lake trout and rainbow trout declined by 30% from 1996 levels, and would decrease by 14% if fishing mortality on lake trout and rainbow trout increased by 30% from 1996 levels. At rates of fishing mortality exerted on lake trout and rainbow trout in 2006, the likelihood of kokanee collapse was 65% within the next decade. Therefore, fishing mortality would need to be at least 6% higher on both lake trout and rainbow trout to reduce the likelihood of kokanee collapse to 50%. We conclude that kokanee biomass is presently out of balance with predation in Lake Pend Oreille, because kokanee production cannot compensate for all predation loss. Our findings suggest that a combination of unusually high kokanee production and unusually low predation are likely needed for kokanee to survive the next decade in Lake Pend Oreille.     

Optimum fishing strategies for Isostichopusfuscus (Echinodermata: Holothuroidea) in the Gulf Of California, Mexico

The Isostichopus fuscus fishery in Mexico was heavily exploited until 1994, when it was closed due to overfishing. However, no information existed on the status of the populations. The fishery was evaluated through an age structured simulation model, and according to our analysis of the stock, the fishery can be feasible and sustainable as long as fishing mortality and age of first catch are optimized. In order to evaluate exploitation strategies, several scenarios were simulated considering different combinations of fishing intensities and ages of first catch. Input data for the model included population parameters, commercial catch and costs and benefits of the fishing operations. Yield production was strongly influenced by the fishing pressure and by the age of first capture. When the first one increased, significant decreases in yield and profits occurred. The best exploitation strategy was these parameters: fishing mortality level F = 0.15, age at first capture t(c) = 4 years, and yielding of approximately 430 tons. However, since the species reproduces for the first time at 5 years, extracting younger specimens would collapse the population. The critical value of fishing mortality was detected at Fc = 0.25. If exceeded, the population tends to exhaustion and the fishery is no longer profitable. In conclusion, I. fuscus fishery is highly vulnerable to overfishing and age of catch. It must be taken into account that the management policies should be considered as pilot and used on a regional basis. Continuous monitoring of the stock, control of the number of fishing licenses and extracting only specimens 5 yeasr-old and older (around 20 cm and >400 g), will allow the populations to recover from fishing activities. Rev. Biol. Trop.     

The movement of hatchery-reared rainbow and brown trout in a polluted river in the South Wales coalfield

Hatchery reared rainbow and brown trout (length 20 cm) were released in March 1974 and April 1975 respectively into the Taff Bargoed, a small river in South Wales, polluted by coal wastes and containing a low resident population of brown trout. From subsequent electro-fishing surveys and catch returns from anglers, extensive downstream movements occurred in both species. About 50% had either been caught or had moved out of the river, a distance of about 5 km, after two weeks and after two months only some 10 % remained. Within the fishing season it was estimated that 3 and 22% of brown and rainbow trout respectively were caught.     

Fishery-Induced Changes in the Subtropical Pacific Pelagic Ecosystem Size Structure: Observations and Theory

We analyzed a 16-year (1996–2011) time series of catch and effort data for 23 species with mean weights ranging from 0.8 kg to 224 kg, recorded by observers in the Hawaii-based deep-set longline fishery. Over this time period, domestic fishing effort, as numbers of hooks set in the core Hawaii-based fishing ground, has increased fourfold. The standardized aggregated annual catch rate for 9 small (<15 kg) species increased about 25% while for 14 large species (>15 kg) it decreased about 50% over the 16-year period. A size-based ecosystem model for the subtropical Pacific captures this pattern well as a response to increased fishing effort. Further, the model projects a decline in the abundance of fishes larger than 15 kg results in an increase in abundance of animals from 0.1 to 15 kg but with minimal subsequent cascade to sizes smaller than 0.1 kg. These results suggest that size-based predation plays a key role in structuring the subtropical ecosystem. These changes in ecosystem size structure show up in the fishery in various ways. The non-commercial species lancetfish (mean weight 7 kg) has now surpassed the target species, bigeye tuna, as the species with the highest annual catch rate. Based on the increase in snake mackerel (mean weight 0.8 kg) and lancetfish catches, the discards in the fishery are estimated to have increased from 30 to 40% of the total catch.     

Changes in the Georgian Bay fish community,with special reference to lake trout (Salvelinus namaycush) rehabilitation

We describe and explain some of the changes in the fish community as reflected by the catches of the commercial fishery, and evaluate the efforts to restore the trout (Salvelinus spp.) in Georgian Bay. The changes in the fish community were caused in part by excessive fishing for lake trout (S. namaycush), lake whitefish (Coregonus clupeaformis) and deepwater ciscoes (Coregonus spp.), and the introduction of new species such as sea lamprey (Petromyzon marinus), alewife (Alosa pseudoharengus), rainbow smelt (Osmerus mordax) and salmonids (Oncorhynchus spp.). The most striking changes were the near extinction of the lake trout, reductions in lake herring (Coregonus artedii), deepwater ciscoes and lake whitefish, and the increase in abundance of smelt and alewife. In an effort to replace the loss of yield from the cold-water habitat, a fast growing and early maturing hybrid trout (splake [S. namaycush × S. fontinalis]) and its backcross to lake trout were selectively bred for stocking in Georgian Bay. Splake did poorly because of low survival immediately after planting. The survival of backcross after planting was better, but adult mortality was still high. Adult survival of backcross improved considerably after restrictions were placed on the commercial fishery in 1984. The first naturally produced backcross larvae were collected in 1985.     

应用年龄结构产量模型评估印度洋黄鳍金枪鱼资源

利用年龄结构产量模型(Age structured production model,ASPM)评估了印度洋黄鳍金枪鱼资源状况,同时结合亲体量-补充量曲线陡度系数和年龄组自然死亡系数的敏感性分析,描述了黄鳍金枪鱼资源的发展趋势、判断了开发状况。研究认为,陡度系数设在0.6-0.8才可能使亲体量产生出最大可持续产量(Maximum sustainable yield,MSY)的水平。采用美洲热带金枪鱼委员会推荐的自然死亡系数值时,评估结果最接近渔业现状。研究发现,随着捕捞努力量的增加,总资源量和亲体量呈逐年下降趋势,但总资源量自1990年后趋向稳定,维持在195.9-263.2万t,平均为221万t;亲体量在1994年后下降到100万t以下,1997年以后处在维持MSY所需亲体量的水平之下,目前仍呈下降趋势。补充量在渔业初期呈现大幅度波动,1978年后趋于稳定,并维持在3258.36-6583.35×106尾,平均为4687.66×106尾。未成熟鱼的数量总体较为稳定,但成熟鱼的数量出现剧减,从渔业初期的246.51×106尾减少到2005年的19.02×106尾。模型估计的总捕捞死亡系数从渔业初期开始逐渐上升,1991年后出现大幅度上升,处于0.334-0.456间,2003年时超过FMSY,捕捞产量也于2003年超过MSY。分析认为,2003年以来印度洋黄鳍金枪鱼的持续高产量被认为是不可持续,根据ASPM估算,2003-2006年均产量46.4万t,超过了MSY(36.4万t);S/SMSY为0.76;Fall/FMSY为1.39,由此判断现阶段印度洋黄鳍金枪鱼正处于过度捕捞状态。     

Assessing the status of British wild brown trout, Salmo trutta, stocks: a pilot study utilizing data from game fisheries

SUMMARY. 1. This paper describes an analysis of results from a questionnaire (Giles, 1987) which requested information on the status of game fish stocks (especially wild brown trout Salmo trutta L.) from those Game Conservancy members who own or manage fisheries. Also included are data arising from fishery log book records which are used to indicate trends in brown trout catch per unit effort (CPUE) over past decades.
2. The key finding from questionnaire returns was the widespread reporting of apparent declines of wild brown trout stocks in a total of twenty-seven sites throughout Britain. The affected waters are geographically widespread from the south-west of England through southern and south-east England, south Wales, northern England and Scotland including the Western Isles. Suspected stock declines of migratory (sea) trout, salmon Salmo salar L. and grayling Thymallus thymallus L. were also reported. Where brown trout occur alone, a significantly higher proportion of questionnaire returns recorded a stock decline compared with fisheries containing both brown and rainbow trout Salmo gairdneri Richardson.
3. Trout catch records from a small selection of differing fishery types are presented and the value of such data in fish stock assessment is discussed.     

Anthropogenic influences on population sizes, age and growth of naturalized rainbow trout, Oncorhynchus mykiss, in Kenya

Riverine fishery in Kenya has witnessed profound changes since the 1950s, especially after independence (in 1963) when watersheds on the south‐eastern slopes of Mt Kenya were opened up for settlement. In particular, rainbow trout populations have declined essentially resulting from anthropogenic changes through over‐exploitation and/or degraded habitats. While there still are self‐sustaining rainbow trout populations in this stream among others they are in decline an indication that changes that have occurred on the watershed have altered their sizes, age and growth. The study was carried out in the Sagana, a third‐order stream, which rises at about 4000 m altitude on the south‐eastern slope of Mt Kenya, to obtain and document information on population sizes, age and growth of rainbow trout populations and to relate them with those recorded in the 1950s when trout streams were pristine (with little human influence). Stations were fished bi‐monthly from 1996 to 1998 and later for 6 months in 2002. Information on age and growth was obtained by use of annual marks, tagging fish of known age, and by validating their age using captive fish of known age. The minimum mean back‐calculated length at age for age one rainbow trout was 13.09 cm in upstream station and 15.10 cm for downstream stations. However, there was no significant difference in mean back‐calculated lengths at age for all years between fish in upstream and downstream stations (t‐test, t = −0.01, P = 0.99). Although female fish showed higher mean annual back‐calculated length increments than males, there was no significant difference in mean back‐calculated lengths at age between sexes (t‐test, t = −0.27, P = 0.80). The rate of growth in length was rapid for 1‐year‐old fish and declined in the second and third years. This study observed that most of the fish were small with only a few reaching more than 2 years of age because of overfishing. There are good reasons for optimism about the future of trout populations in this stream but concerted efforts are required to rehabilitate them. If trout populations are to increase, a management strategy is required to reduce fishing pressure and to maintain stream fishery against competing needs for resources in the catchments.     

小兴凯湖的水生植被及其生态作用

本文论述了小兴凯湖水生植物的种类组成、植被类型、生物量及其在湖泊淤积和渔业中的作用。该湖属老年期湖泊,水生维管束植物共有25科56种,优势种为竹叶眼子菜、荇菜、芦、菰等。植被类型可划分为沉水植被、浮叶植被和挺水植被等三个亚型,包括12个主要植物群丛。全湖水生植物总生物量(湿重)为196380吨;以植物现存量计算,草食性鱼类的年生产力应为78.75吨。由于水生植物大量繁殖,为减缓湖泊的垫平作用,可适量放养草食性鱼类,控制住水生植物的过量繁殖;同时引种一些经济水生植物,压住水中杂草的生长。     

Gear type,species composition and economic value of fisheries in the mangroves of Pak Phanang,Thailand

Fishing gear and methods, catch composition, annual catch numbers and the monetary value of fisheries based in the mangroves of Pak Phanang, Nakhon Si Thamarat province, Thailand, were studied from September 2004 to February 2005. The fishing gear and methods were surveyed by visual observation and interviews. Sample catches were taken for each type of fishing gear and method. Semi-closed questionnaire surveys were conducted among fishers, local traders, local administrative officers and related organizations to derive information on utilized species, gear and methods, fisher and fishery status, and trading and catch price. The Pak Phanang mangrove fishery has three types of multi-species capture gear: channel traps, gill nets and lift nets. It also has three kinds of single-species (group) gear/methods: crab traps, catfish hooks and hand capture using a long tail fishing boat. A total of 57 fish species in 27 families, and 23 shell fish species in 8 families were recorded from the catch samples. Penaeid shrimp (25%), and ambassid (31%) and mugilid (24%) fishes were the abundant groups in the channel traps, while ariid (36%) and mugilid (19%) fishes were abundant in the lift net catches. Ambassid (42%) fish dominated the gill net catches. Species richness (number of species) varied depending on sampling month and type of fishing gear. The total annual catch and its monetary value were estimated to be 442–551 tons and US $368,038–733,973, respectively. The estimated annual catch per unit area of mangrove was 63–79 kg ha⁻¹, which generated a market value of US $368,038–733,973, respectively. The estimated annual catch per unit area of mangrove was 63–79 kg ha⁻¹, which generated a market value of US 52–105.     

Arctic charr in Lake Myvatn: The centennial catch record in the light of recent stock estimates

In Lake Myvatn, Arctic charr (Salvelinus alpinus) is economically the most important fish species. It is fast growing fish and its size at maturity is 35–50 cm at the age of 4 to 5 years. Catch statistics that are available for the whole 20th century show considerable long-term variation with the highest catch in the 1920s. The catches after 1970 are about 40% lower than the average from 1930–1969 and the annual catches for the last decade are the lowest. Stock size during the winter fishing season fluctuated considerably between years, with average annual fishing mortality of 83.9%. The Arctic charr population has been monitored annually since 1986, using standard series of gill nets of different mesh sizes. In 1988 one to three-year-old fish were heavily reduced in numbers during the summer months. There are indications of a similar event in 1997. In both years the charr changed its main diet from Cladocera and chironomid midges to three-spined sticklebacks Gasterosteus aculeatus and snails. At the same time its condition deteriorated. The catch in the monitoring fishery in Lake Myvatn correlates with the stock size in the beginning of the following winter fishing season deduced from Leslie's method and can give prospects for the fishery in the successive fishing season. An index of abundance of young charr also correlates with the number of chironomids and cladocerans and also with ducklings that feed on the same food as the charr. Large fluctuations in the Arctic charr population in Lake Myvatn seem to be related to changes in the main food species. The catch records available from Lake Myvatn can to a large extent be used as a measure of changes of the Arctic charr population in the lake for the past century.     

A plan for fisheries management in the lakes drained by the Oulujoki river

Freshwater fishery management is treated as a dynamic system comprising environment protection and improvement, fishing, fishery resources allocation, fish stocking programs and marketing policy. The aims of the plan are to increase the economic value of the catch and to protect the professional fishery. Fisheries statistics, catch per unit effort data and other material were collected during 1972–1976. The total allowable catch (TAC) for the most important fish species was estimated with MSY and population analysis models. The results of fish stockings were studied by tagging and population analysis calculations. Fishing of vendace and non-valuable species (perch, roach, smelt) can be increased, but the fishing pressure on other species should not be raised above the present level. Restrictions on whitefish fishing are needed in some areas. A balanced multispecies fishery is desirable, and suggestions are given for the composition of the fishing gear. Fish stocking can make possible a larger and more valuable catch, but at present its profitability is rather low. The stocking results are strongly affected by the fishery and the gear composition.     

Sustainability of the Lake Superior Fish Community: Interactions in a Food Web Context

The restoration and rehabilitation of the native fish communities is a long-term goal for the Laurentian Great Lakes. In Lake Superior, the ongoing restoration of the native lake trout populations is now regarded as one of the major success stories in fisheries management. However, populations of the deepwater morphotype (siscowet lake trout) have increased much more substantially than those of the nearshore morphotype (lean lake trout), and the ecosystem now contains an assemblage of exotic species such as sea lamprey, rainbow smelt, and Pacific salmon (chinook, coho, and steelhead). Those species play an important role in defining the constraints and opportunities for ecosystem management. We combined an equilibrium mass balance model (Ecopath) with a dynamic food web model (Ecosim) to evaluate the ecological consequences of future alternative management strategies and the interaction of two different sets of life history characteristics for fishes at the top of the food web. Relatively rapid turnover rates occur among the exotic forage fish, rainbow smelt, and its primary predators, exotic Pacific salmonids. Slower turnover rates occur among the native lake trout and burbot and their primary prey—lake herring, smelt, deepwater cisco, and sculpins. The abundance of forage fish is a key constraint for all salmonids in Lake Superior. Smelt and Mysis play a prominent role in sustaining the current trophic structure. Competition between the native lake trout and the exotic salmonids is asymmetric. Reductions in the salmon population yield only a modest benefit for the stocks of lake trout, whereas increased fishing of lake trout produces substantial potential increases in the yields of Pacific salmon to recreational fisheries. The deepwater or siscowet morphotype of lake trout has become very abundant. Although it plays a major role in the structure of the food web it offers little potential for the restoration of a valuable commercial or recreational fishery. Even if a combination of strong management actions is implemented, the populations of lean (nearshore) lake trout cannot be restored to pre-fishery and pre-lamprey levels. Thus, management strategy must accept the ecological constraints due in part to the presence of exotics and choose alternatives that sustain public interest in the resources while continuing the gradual progress toward restoration. Received 10 December 1999; accepted 13 June 2000.     

Estimation of overall fishing intensity of tuna longline fishery-yellowfin tuna (Thunnus albacares) fishery in the indian ocean as a case study

According to the FAO catch statistics, the total catch of yellowfin tuna (Thunnus albacares) from the Indian Ocean is characterised by decline in the longline fishery and rapid increase in the surface fishery. In the present communication, an attempt has been made to estimate the overall effective fishing intensity of longline fishery for yellowfin tuna by the Japanese longliners during the years 1973–1975. The results on areas and seasons of effective effort expended are presented, along with estimates of tuna availability, effective fishing intensity and the relative gear efficiency.     

Assessing the potential biological implications of recreational inshore fisheries on sub‐tidal fish communities of Azores (north‐east Atlantic Ocean) using catch and effort data

Recreational inshore fishing activities practiced on Faial and Pico Islands (Azorean archipelago) were surveyed between October 2004 and September 2005. Recreational inshore fishers employ three main methods of fishing (shore angling, spear fishing and intertidal collecting). The method that demanded the highest fishing effort (number of fishing operations) was shore angling, followed by intertidal collecting and spear fishing. Shore angling produced the highest diversity of catch composition (38), which is in part explained by the seven fishing techniques used by shore anglers. The estimates of annual catch were higher for shore angling than spear fishing (51·2 and 6·3 t) even though they were lower than commercial artisanal fishing (442 t). The weighted mean trophic level and vulnerability index values in the fish catch were higher for spear fishing (3·4 and 50·9) than for shore angling (3·1 and 44·5). Cumulative pressure by different recreational fishing activities was detected on species already subject to a heavy pressure from Azorean commercial fishing, and on vulnerable and top‐predator species. There are important biological and ecological implications whereby fishery managers should implement additional regulations such as prohibiting catches of the most vulnerable species.     

A bioeconomic model of the pacific whiting

The Pacific whiting (Merluccius productus) is a highly migratory fish occupying the continental shelf and slope off the west coast of North America. The species spawns in January off southern California and northern Mexico. During spring and summer the older and larger fish will migrate as far north as central Vancouver Island. Recruitment is highlys variable, with strong year classes often supporting the commercial fishery during several years of low recruitment. The level of recruitment appears to be independent of the size of the spawning population. A simple bioeconomic model of the Pacific whiting is constructed with independent recruitment. Fishery production functions are estimated from data on U.S. catch, average annual biomass and the number of vessels in the U.S. fleet. A stochastic optimization problem, seeking to maximize the expected value of industry profit, is formulated. Its solution would require a joint distribution on future recruiment and other bioeconomic parameters. Such a distribution is problematic. As an alternative, the certainty-equivalent problem is solved yielding solution values for the stochastic equilibrium and an approximately-optimal rule that sets allowable catch based on an estimate of current-year biomass. Adaptive management can result in large changes in fleet size and allowable catch from year to year. The whiting fishery might be characterized as an opportunistic fishery, requiring a generalist fleet to expand or contract as bioeconomic conditions warrant. It is possible that longrun conditions would not support a profitable fishery, but that short-run fishing is profitable based on previous years of strong recruitment. The situation is not dissimilar to that facing the owner of a marginal gold mine that opens or closes depending on the price of gold. In the case of the whiting fishery, the optimal level of short-run fishing will depend not only on price, but on current biomass, the annual cost of fishing, the discount rate and vessel productivity. A simple interactive program is provided for would-be managers. This paper was written in July 1990 while the author was a Summer Faculty Fellow at the Southwest Fisheries Center, La Jolla, California. The author gratefully acknowledges the support of the U.S. National Marine Fisheries Service.