DURHAM, N.C. -- By identifying the most efficient fishing practices and behaviors, a new model developed by economists at Duke University and the University of Connecticut could help fishermen land larger paychecks while reducing the risk of fishery depletion.
"We're not talking about a trivial improvement. In some cases, we found that identifying the most efficient practices led to a 20 percent annual increase in total revenues if the fishery is managed differently," said Martin D. Smith, professor of environmental economics at Duke's Nicholas School of the Environment.