Multinational Energy Firms in the Caspian Basin: A Bayesian Approach to Incorporate Political Risk in Corporate Strategy

2005 ◽  
Author(s):  
Dennis Wright Michaud
Author(s):  
Phanish Puranam ◽  
Bart Vanneste
Keyword(s):  

Author(s):  
Vitaliy Victorovich Barabanov ◽  
Gennadij Grigor'evich Kolosyuk

Fisheries measures is an instrument allowing to regulate fish catch pressing to the aquatic bio-resources stocks. Roach and sheatfish are the species which are exploited in industrial and amateur fisheries of the Volga-Caspian basin (the Astrakhan region). According to the Fishery Regulations, today the minimum allowable length for roach is 17 centimeters, and for sheatfish it is 60 centimeters. According to the results of retrospective analysis of stocks dynamics, commercial catch of roach and cheatfish, experience in changing fisheries measures for roach and sheatfish in the Volga-Caspian basin, changing fisheries measures for these species has been found inexpedient. The current fisheries measures for commercial catch of roach allows to exploit only the reproductive part of the population, minimizing losses of restocking. Also, the work shows that a change of fisheries measures for sheatfish will lead to the decrease of the commercial catch of sheatfish and objects of its ration. In general, it must be stressed that changing fisheries measures will lead to redistribution of roach and sheatfish catches between the main participants (commercial fishers, amateur fishers and poachers), but not in favor of the official fish catching


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