Delay in fishery management: Diminished yield, longer rebuilding, and increased probability of stock collapse

Abstract

When a stock is depleted, catch reductions are in order, but typically they are implemented only after considerable delay. Delay occurs because fishery management is political, and stricter management, which involves short-term economic loss, is unpopular. Informed of stock decline, managers often hesitate, perhaps pondering the uncertainty of scientific advice, perhaps hoping that a good year class will render action moot. However, management delay itself can have significant costs, when it exacerbates stock decline. To examine the biological consequences of delay, we simulated a spectrum of fisheries under various degrees of delay in management. Increased delay required larger catch reductions, for more years, to recover benchmark stock status (here, spawning-stock biomass at maximum sustainable yield). Management delay caused stock collapse most often under two conditions: (1) when the stock-recruitment relationship was depensatory, or (2) when catchability, unknown to the assessment, was density-dependent and fishing took juveniles. In contrast, prompt management resulted in quicker recoveries and higher cumulative yields from simulated fisheries. Benefits to stock biomass and fishery yield can be high from implementing management promptly.