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Public Regulation and the Structure of Production in Multiproduct Industries: An Application to the New England Otter Trawl Industry

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Author Info
Dale Squires
Abstract

This 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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File URL: http://links.jstor.org/sici?sici=0741-6261%28198722%2918%3A2%3C232%3APRATSO%3E2.0.CO%3B2-C&origin=repec
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Publisher Info
Article provided by The RAND Corporation in its journal RAND Journal of Economics.

Volume (Year): 18 (1987)
Issue (Month): 2 (Summer)
Pages: 232-247
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Handle: RePEc:rje:randje:v:18:y:1987:i:summer:p:232-247

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  1. 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). [Downloadable!]
  2. Carsten Lynge Jensen, 2000. "Output Substitution in a Regulated Fishery," Working Papers 7/00, University of Southern Denmark, Department of Environmental and Business Economics. [Downloadable!]
  3. Jensen, Carsten Lynge, 1998. "Investment Behavior And Tax Policy," Marine Resource Economics, Marine Resources Foundation, vol. 13(3). [Downloadable!]
  4. R. Devlin & R. Grafton, 1994. "Tradeable permits, missing markets, and technology," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(2), pages 171-186, April. [Downloadable!] (restricted)
    Other versions:
  5. J.J. Agar & J.G. Sutinen, 2004. "Rebuilding Strategies for Multispecies Fisheries: A Stylized Bioeconomic Model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(1), pages 1-29, May. [Downloadable!] (restricted)
  6. Kjell Salvanes & Dale Squires, 1995. "Transferable quotas, enforcement costs and typical firms: An empirical application to the Norwegian trawler fleet," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 6(1), pages 1-21, July. [Downloadable!] (restricted)
  7. R. Quentin Grafton & Ragnar Arnason & Trond Bjorndal & David Campbell & Harry F. Campbell & Colin W. Clark & Robin Connor & Diane P. Dupont & Rognvaldur Hannesson & Ray Hilborn & James E. Kirkley & To, 2005. "Incentive-based approaches to sustainable fisheries (now replaced by EEN0508)," Economics and Environment Network Working Papers 0501, Australian National University, Economics and Environment Network. [Downloadable!]
  8. 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). [Downloadable!]
  9. Ikerne Del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2003. "Fishing effort validation and substitution possibilities among components: the case study of the VIII division European anchovy fishery," Applied Economics, Taylor and Francis Journals, vol. 35(1), pages 63-77, January. [Downloadable!] (restricted)
  10. Lone Grønbæk, 2000. "Fishery Economics and Game Theory," Working Papers 14/00, University of Southern Denmark, Department of Environmental and Business Economics. [Downloadable!]
  11. Carsten Lynge Jensen, 1999. "A Critical Review of the Common Fisheries Policy," Working Papers 6/99, University of Southern Denmark, Department of Environmental and Business Economics. [Downloadable!]
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