Breakdown of Total Annual Revenues of Simulations with Varying Objectives and High Cost Assumptions (millions of dollars)
| Measure | Actual Catch and Effort | Max. Net Revenue | Max. Profit | ITQ |
|---|---|---|---|---|
| July 2004 to June 2005 | ||||
| Economic profit | 16.5 | 55.4 | 73.8 | 51.7 |
| Returns to labor | 81.4 | 72.8 | 61.6 | 80.2 |
| Fixed cost | 83.7 | 59.2 | 30.4 | 54.9 |
| Variable costs | 85.7 | 81.3 | 66.0 | 81.8 |
| Total revenue | 267.3 | 268.7 | 231.8 | 268.6 |
| July 2005 to June 2006 | ||||
| Economic profit | 31.5 | 67.3 | 79.0 | 61.4 |
| Returns to labor | 84.8 | 75.7 | 63.5 | 83.1 |
| Fixed cost | 73.6 | 52.3 | 30.4 | 50.1 |
| Variable costs | 88.1 | 84.3 | 67.0 | 84.3 |
| Total revenue | 278.0 | 279.5 | 239.9 | 279.0 |
| July 2006 to June 2007 | ||||
| Economic profit | 42.9 | 86.4 | 93.7 | 80.9 |
| Returns to labor | 85.1 | 76.7 | 71.0 | 83.4 |
| Fixed cost | 71.4 | 48.3 | 33.1 | 46.7 |
| Variable costs | 84.7 | 78.5 | 73.0 | 78.6 |
| Total revenue | 284.1 | 289.9 | 270.8 | 289.6 |
Note: ITQ, individual transferable quota.