(Un)observed scientific advice, social-ecological feedbacks and the North Sea cod stock

This paper estimates the economic value of the North Sea cod (Gadus morhua) stock under recent catch and several recovery scenarios. The research presents results on: a) what the value of catches and biomass would have been if the EU fishing fleet hadfollowed the ICES scientific recommendations (SRs) and Total Allowable Catches (TACs) in the 1986–2010 period; and b) what the value of catches and…

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