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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. Medel, Carlos A., 2011. "The Effects of Global Warming on Fisheries," MPRA Paper 28373, University Library of Munich, Germany.
2. Jensen, Carsten Lynge, 2002. "Applications Of Dual Theory In Fisheries: A Survey," Marine Resource Economics, Marine Resources Foundation, vol. 17(4).
3. Julio Peña-Torres & Michael Basch & Sebastian Vergara, . "Downward Adjustments in a Cyclical Environment: The Case of Chilean Pelagic Fisheries," ILADES-Georgetown University Working Papers inv143, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
   
   • Julio Peña-Torres(Georgetown University/Ilades), Sebastián Vergara(ECLAC), Michael Basch(University of Chile), 2004. "Downward Adjustments in a Cyclical Environment: The Case of Chilean Pelagic Fisheries," Working Papers gueconwpa~04-04-12, Georgetown University, Department of Economics.
4. Nostbakken, Linda, 2008. "Stochastic Modelling of the North Sea Herring Fishery Under Alternative Management Regimes," Marine Resource Economics, Marine Resources Foundation, vol. 23(1).
5. Nostbakken, Linda & Bjorndal, Trond, 2003. "Supply Functions For North Sea Herring," Marine Resource Economics, Marine Resources Foundation, vol. 18(4).
6. Hoshino, Eriko & Hillary, Richard M. & Pearce, John, 2010. "Economically Optimal Management Strategies for the South Georgia Patagonian Toothfish Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 25(3).
7. 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, vol. 19(1), pages 53-72, May.
8. Ragnar Arnason, 2011. "Loss of economic rents in the global fishery," Journal of Bioeconomics, Springer, vol. 13(3), pages 213-232, October.
9. M. Liski, P.M. Kort, A.J. Novak, 2001. "Increasing returns and cycles in fishing," Computing in Economics and Finance 2001 126, Society for Computational Economics.
   
   • Liski, Matti & Kort, Peter M. & Novak, Andreas, 2001. "Increasing returns and cycles in fishing," Resource and Energy Economics, Elsevier, vol. 23(3), pages 241-258, July.
   • Kort, P.M. & Liski, M. & Novak, A.J., 2001. "Increasing returns and cycles in fishing," Open Access publications from Tilburg University urn:nbn:nl:ui:12-86776, Tilburg University.
   • Liski, M. & Kort, P.M. & Novak, A.J., 2000. "Increasing Returns and Cycles in Fishing," Discussion Paper 2000-57, Tilburg University, Center for Economic Research.
10. Arnason, Ragnar & Magnusson, Gylfi & Agnarsson, Sveinn, 2000. "The Norwegian Spring-Spawning Herring Fishery: A Stylized Game Model," Marine Resource Economics, Marine Resources Foundation, vol. 15(4).
11. Sandberg, Per, 2005. "Harvest Rules When Price Depends On Quantity: The Case of Norwegian Spring Spawning Herring (Clupea harengus L.)," Marine Resource Economics, Marine Resources Foundation, vol. 20(3).
12. Jensen, Carsten Lynge, 1998. "Investment Behavior And Tax Policy," Marine Resource Economics, Marine Resources Foundation, vol. 13(3).
13. 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 114343, European Association of Agricultural Economists.
14. George Halkos & George Papageorgiou, . "Dynamic modeling of pulse fishing: A game theoretic approach," DEOS Working Papers 1324, Athens University of Economics and Business.
15. Hannesson, Rognvaldur, 2007. "A Note on the "Stock Effect"," Marine Resource Economics, Marine Resources Foundation, vol. 22(1).
16. Bjorndal, Trond & Bezabih, Mintewab, 2010. "Resource Rents and Management Regimes: The Case of the Western Channel Sole Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 25(3).
17. Vestergaard, Niels & Squires, Dale & Kerstens, Kristiaan, 2005. "Methodological Reflections on the Short-Run Johansen Industry Model in Relation to Capacity Management," Marine Resource Economics, Marine Resources Foundation, vol. 20(4).
18. 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 2008/24, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
19. Schott, Stephan, 2001. "The Optimal Selection And Harvest Of Multiple Cohorts," Marine Resource Economics, Marine Resources Foundation, vol. 16(2).

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