2. Table 1 presents data for a fishery where all catch is brought to Port Jones. The discount rate is zero (r=0).

Data for four management regimes are presented:

The first regime involves harvesting at the maximum sustained yield stock level S MSY using ITQs.

The second involves harvesting at the efficient sustained yield stock level S ESY

The third is open access use of the fishery.using ITQs.

The fourth involves harvesting at the efficient sustained yield stock level S ESY using regulated open access, where each season the government sets a total allowable catch (TAC), and closes the fishery once the TAC is obtained.

In the questions below, if your answer is NO, explain why you say NO.

a. Looking only at the row of sustained yield stock levels, are the data consistent with the model of fisheries examined in class? Circle the correct response. (2 pts) YES NO b. Looking only at the row of sustained yield harvest levels, are the data consistent with the model of fisheries examined in class? Circle the correct response. (2 pts) YES NO

c. Looking only at the row of sustained yield profits, are the data consistent with the model of fisheries examined in class? Circle the correct response. (2 pts) YES NO

Table 1. Port Jones fisheries data Management Regime Harvesting at the maximum sustained yield stock level (SMSY) using ITQs Harvesting at the efficient sustained yield stock level (SESY using ITQs Open Access use of the fishery Harvesting at the efficient sustained yield stock level (SESY) | under regulated open access management Sustained Yield Stock Level 1600 2450 1800 2450 Sustained Yield Harvest 800 700 Sustained Yield Profits Table 1. Port Jones fisheries data Management Regime Harvesting at the maximum sustained yield stock level (SMSY) using ITQs Harvesting at the efficient sustained yield stock level (SESY using ITQs Open Access use of the fishery Harvesting at the efficient sustained yield stock level (SESY) | under regulated open access management Sustained Yield Stock Level 1600 2450 1800 2450 Sustained Yield Harvest 800 700 Sustained Yield Profits