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Abstract

In this paper we have considered a model in which revenue is generated from fishing and the growth of the fish depends upon the plankton which in turn follows a logistic law of growth. Here the fish population has two stages, a juvenile stage and a mature stage and we consider the harvesting of the mature fish species. Stability and permanence of the system are discussed. Maximum sustainable yield, maximum economic yield and optimal sustainable yield are obtained and different tax policies are discussed to achieve the reference points.

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