A dynamic model for open-access fisheries is presented. In addition to
density dependence in recruitment and fishing effort changing in prop
ortion to the level of profit fishermen earn which characterizes previ
ous open-access models, it incorporates full age structure for the fis
h stock, lognormal environmental recruitment variability, and gear sel
ectivity. The predator-prey cycling solution of the original Schaefer
dynamic model, and subsequent open-access models, persists for these m
odel extensions. Density dependence in recruitment induces greater glo
bal stability. Environmental recruitment variability, common in marine
populations, is destabilizing in the neighborhood of the open-access
equilibrium. These two influences, combined in the open-access fishery
model, generate robust long-lasting irregular cycles of stock and eff
ort. Volterra proved for the original Lotka-Volterra model that the ti
me averages of the variables over one cycle were exactly equal to thei
r equilibrium steady states. This is shown to extend as a good approxi
mation for the model presented here. Approximating model steady states
of effort and catch by the corresponding averages from data time seri
es underlies a new algorithm of parameter evaluation, applied here to
an open-access model of the Georges Bank sea scallop (Placopecten mage
llanicus) fishery.