Title: Management of the Argentine hake

Before the Federal Fishing Law was established, there was little political support for an adequate fisheries management regime. Over-investment in fishing capital and excessive effort dissipated the economic rents of the Argentine hake fishery. As a result the resource has been overexploited in recent years and in danger of collapse. The purpose of this project is to propose a rationalization of the Argentine hake fishery in order to increase its economic efficiency and contribute to the recovery and conservation of the hake stock. A bio-economic model to study economically efficient management of the hake fishery in Argentina is developed. The project identifies the optimal sustainable position for the fishery, designs a reasonable efficient dynamic path towards the optimal sustainable point and finally makes some recommendations to improve the fisheries management system.