Optimal harvesting strategies for a metapopulation

We consider optimal strategies for harvesting a population that is composed of two local populations. Thw local populations are connected by the dispersal of juveniles, e.g. larvae, and together form a metapopulation. We model the metapopulation dynamics using coupled difference equations. Dynamic programming is used to determine policies for exploitation that are economically optimal. The metapopulation harvesting theory is applied to a hypothetical fishery and optimal strategies are compared to harvesting strategies that assume the metapopulation is composed either of single unconnected populations or of one well-mixed population. Local populations that have high per capita larval production should be more conservatively harvested than would be predicted using conventional theory. Recognizing the metapopulation structure of a stock and using the appropriate theory can significantly improve economic gains.