Production Economics and Optimal Stock Size in a North Atlantic Fishery
AbstractThis 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 InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 89 (1987)
Issue (Month): 2 ()
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
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