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Time, Capital Intensity, And The Cost Of Fishing Effort

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  • Karpoff, Jonathan M.

Abstract

The notion that a fishing vessel's costs are a function of its "effort" is a useful paradigm in fishery analysis. This paper elaborates on this micro theoretic approach, and proposes a way to view the cost of effort relation as the interaction of capital intensity decisions and the length of the fishing season. The model indicates that capital intensity decisions are affected by season closures, and that season closures can be used to redistribute wealth among different classes of fishermen.

Suggested Citation

  • Karpoff, Jonathan M., 1985. "Time, Capital Intensity, And The Cost Of Fishing Effort," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-5, December.
    • Handle: RePEc:ags:wjagec:32302
    DOI: 10.22004/ag.econ.32302
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    File URL: https://ageconsearch.umn.edu/record/32302/files/10020254.pdf
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    References listed on IDEAS

    as
    1. Lee G. Anderson, 1976. "The Relationship between Firm and Fishery in Common Property Fisheries," Land Economics, University of Wisconsin Press, vol. 52(2), pages 179-191.
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    Cited by:

    1. Batabyal, Amitrajeet A., 2002. "On temporal controls and the stochastic behaviour of renewable natural resources," Resources Policy, Elsevier, vol. 28(1-2), pages 7-12.
    2. Batabyal, Amitrajeet A. & Beladi, Hamid, 2004. "Time restrictions in natural resource management: A dynamic and stochastic analysis," European Journal of Operational Research, Elsevier, vol. 157(3), pages 775-783, September.

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