A study of the pair trawl fisheries was made in an attempt to introduce bio-economic models into fishery management in southern and southeastern Brazil. The biological parameters of demersal fishes found in the literature were used to mount the bio-economic model. Since there are no historical data on the economics of the fishery industry, the present market values of fish and of the diverse items that compose the costs of the catch have been used. The results show that the fleet was oversized in the period 1976-1981. The number of boats was reduced from 28 pairs to only 11 in 1996, but was still considered too big. The size of the fleet is reflected in the economic results of the analysis which shows negative returns. However, the fact that some of the fixed costs are not actually spent by the owners of the boats, as many of them have no insurance and most of the boats are already completely paid off and do not accrue costs on the capital invested must all be taken into account. On the other hand, the income figures used in this analysis did not take into account the value of the by-catch landed.
