Influence of trends in fishing power on bioeconomics in the North Sea flatfish fishery regulated by catches or by effort quotas

Total allowable effort quotas (TAEs) are often considered as promising alternatives to single-species total allowable catch quotas (TACs) in fisheries management. However, implementing TAEs would primarily require converting nominal effort into fishing mortality rate, i.e., developing a relevant model of the dynamics of catchability. Assuming that trends in the catchability may occur through fishing-power creeping linked to increased capital invested and technology, we compare, by stochastic and dynamic simulation modelling, the relative biological and economic benefits and drawbacks of TAEs and TACs in the North Sea sole (Solea solea L.) and plaice (Pleuronectes platessa L.) fishery. Management targets are based on the Precautionary Approach and Harvest Control Rules developed by the International Council for the Exploration of the Sea (ICES). Fishermen are assumed to set their effort at the most (TAE) or least (TAC) conservative level. Overall, the outcomes are more sensitive to the catchability model when implementing TAEs, especially in the medium and long term, but the variability in catchability has a much greater impact on stock levels than on the fisheries profit.