The primary objective of the COBECOS project was to conduct a cost-benefit analysis of control schemes for management strategies relevant for the CFP and, based on this analysis, infer the potential economic benefits which might accrue from proper enforcement of the management measures. These were examined on the basis of (i) an appropriate theory of fisheries enforcement, (ii) empirical research including intensive case studies and estimation of theoretical relationships for particular fisheries, (iii) computer modeling of the fisheries enforcement situation, and (iv) case studies.


MRAG completed the the data harmonization study within the along with the case study for Antarctic toothfish fisheries (South Georgia / Kerguelen).

Recent relevant publications include:

C.T.T. Edwards, R. Hillary, E. Hoshino, J. Pearce and D.J. Agnew . (2011). Bioeconomic evaluation of fisheries enforcement effort using a multifleet simulation model.  Fisheries Research, Volume 107, Issues 1-3, January 2011, Pages 253-260 

 Hoshino, E., R. Hillary, and J. Pearce, (2010), Economically Optimal Management Strategies for the South Georgia Patagonian Toothfish Fishery. Marine Resource Economics, 25, pgs. 265-280

Name of Client

European Commission

Project Dates



European Union, South Georgia