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Production Economics and Optimal Stock Size in a North Atlantic Fishery

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  • Bjorndal, Trond
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    Abstract

    This paper contains an analysis of a fishery production function and an empir ical analysis of the North Sea herring fishery. An intertemporal prof it function is defined by introducing stock dynamics and the concept of a sole resource manager. Some new results with respect to the rela tionship between the optimal stock level and production technology ar e derived. Estimates of the optimal stock level for herring are also presented. Copyright 1987 by The editors of the Scandinavian Journal of Economics.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

    Volume (Year): 89 (1987)
    Issue (Month): 2 ()
    Pages: 145-64

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    Handle: RePEc:bla:scandj:v:89:y:1987:i:2:p:145-64

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    Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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    Cited by:
    1. Julio Peña-Torres & Michael Basch & Sebastian Vergara, . "Downward Adjustments in a Cyclical Environment: The Case of Chilean Pelagic Fisheries," ILADES-Georgetown University Working Papers, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines inv143, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
    2. Ragnar Arnason, 2011. "Loss of economic rents in the global fishery," Journal of Bioeconomics, Springer, Springer, vol. 13(3), pages 213-232, October.
    3. José A. Filipe & Manuel A. Ferreira & Manuel Coelho, 2008. "The Relevance of Chaos Theory to Explain Problems of Overexploitation in Fisheries in Japanese Seaports," Working Papers Department of Economics, ISEG - School of Economics and Management, Department of Economics, University of Lisbon 2008/24, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
    4. M. Liski, P.M. Kort, A.J. Novak, 2001. "Increasing returns and cycles in fishing," Computing in Economics and Finance 2001, Society for Computational Economics 126, Society for Computational Economics.
    5. Ikerne del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2001. "Is the Current Regulation of the VIII Division European Anchovy Optimal?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 19(1), pages 53-72, May.
    6. Elofsson, Katarina & Bengtsson, Goran & Gren, Ing-Marie, 2011. "Optimal Management of Invasive Species with Different Reproduction and Survival Strategies," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland, European Association of Agricultural Economists 114343, European Association of Agricultural Economists.
    7. Halkos, George & Papageorgiou, George, 2013. "Dynamic modeling of pulse fishing: A game theoretic approach," MPRA Paper 47871, University Library of Munich, Germany.
    8. Medel, Carlos A., 2011. "The Effects of Global Warming on Fisheries," MPRA Paper 28373, University Library of Munich, Germany.

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