In view of the concern caused by the declining trend in the annual shrimp yield in the Central Gulf of California, an attempt was made to analyze the fishing effort level exerted upon the shrimp stocks of the blue (Farfantepenaeus stylirostris) and the brown shrimp (F. californiensis) from 1980 to 1991. For this purpose, both Schaefer and Fox production models were applied. The results from these analyses revealed an economic overexploitation condition, and suggested an imperative need to implement as a regulatory measure, the reduction of the catch per unit of effort level (CPUE) to keep the fishery within acceptable bioeconomic margins of a maximum sustainable yield (Ys). This can only be achieved through the adjustment of the fleet size from 481 vessels down to 250 or 275.