Public Regulation and the Structure of Production in Multiproduct Industries: An Application to the New England Otter Trawl Industry
AbstractThis article considers the problem of managing multispecies fishing industries as one of regulating the production of individual multiproduct firms. The multispecies New England otter trawl industry is examined within this framework. Empirical results derived from estimating a multiproduct profit function indicate that management consistent with the structures of multiproduct production and costs would directly regulate inputs. Little support is provided for applying the traditional bioeconomic model to the fishery studied.
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Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 18 (1987)
Issue (Month): 2 (Summer)
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Web page: http://www.rje.org
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- Hutchinson, Sharon D. & Larkin, Sherry L. & Lee, Donna J. & Adams, Charles M. & Milon, J. Walter, 2001. "Policy Implications Of Restricted Access Strategies For Multispecies Fisheries," 2001 Annual meeting, August 5-8, Chicago, IL 20485, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Perruso, Larry & Taylor, Timothy G. & Larkin, Sherry L., 2002. "Incorporating Stochastic Harvests Into An Analysis Of Production: The U.S. Atlantic And Gulf Of Mexico Pelagic Longline Fleet," 2002 Annual meeting, July 28-31, Long Beach, CA 19770, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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