Breakdown of Total Annual Revenues of Simulations with Varying Objectives and Low Cost Assumptions (millions of dollars)
| Measure | Actual Catch and Effort | Max. Net Revenue | Max. Profit | ITQ |
|---|---|---|---|---|
| July 2004 to June 2005 | ||||
| Economic profit | 39.4 | 83.1 | 92.8 | 83.2 |
| Returns to labor | 87.2 | 80.6 | 76.4 | 81.4 |
| Fixed cost | 83.7 | 50.8 | 35.9 | 49.5 |
| Variable costs | 57.1 | 57.1 | 54.5 | 58.3 |
| Total revenue | 267.3 | 271.7 | 259.5 | 272.4 |
| July 2005 to June 2006 | ||||
| Economic profit | 55.0 | 92.0 | 98.7 | 94.8 |
| Returns to labor | 90.6 | 84.4 | 78.1 | 84.9 |
| Fixed cost | 73.6 | 46.6 | 35.0 | 42.9 |
| Variable costs | 58.7 | 60.1 | 54.9 | 60.7 |
| Total revenue | 278.0 | 283.1 | 266.7 | 283.3 |
| July 2006 to June 2007 | ||||
| Economic profit | 65.5 | 108.2 | 114.5 | 109.7 |
| Returns to labor | 90.7 | 83.0 | 83.0 | 84.7 |
| Fixed cost | 71.4 | 46.6 | 35.3 | 42.7 |
| Variable costs | 56.5 | 53.8 | 55.6 | 56.3 |
| Total revenue | 284.1 | 291.6 | 288.4 | 293.4 |
Note: ITQ, individual transferable quota.