Dynamic optimization of fishing tax and tourism fees for sustainable bioeconomic resource management

Balancing economic prosperity with environmental conservation is crucial in managing renewable bioeconomic resources. We explored a predator-prey fishery model that incorporates tourism, dynamic harvesting, and pricing strategies. Our analysis showed that increased fishing taxes reduce fishing efforts, enabling fish populations to recover. Furthermore, higher entrance fees for ecotourism support the predator population's growth. Bifurcation analysis revealed key dynamic transitions, including transcritical and Hopf bifurcations. A deeper look into coupled parameter bifurcation uncovered a transcritical bifurcation of the limit cycle, emphasizing the system's complexity. Using Pontryagin's maximum principle, we optimized fishing taxes and ecotourism entrance fees to achieve sustainable trade-offs between ecosystem health and societal revenue. The results highlighted that societal revenue peaked at an intermediate level of entrance fees, suggesting diminishing returns beyond a certain point. Revenue landscape analysis further showed that centralized, two-parameter optimization strategies outperform decentralized, single-parameter approaches. These insights provide policymakers with effective tools to design regulations that promote ecological resilience and economic viability through balanced fishing and tourism practices.