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Production Economics and Optimal Stock Size in a North Atlantic Fishery

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  • Bjorndal, Trond

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.

Suggested Citation

  • Bjorndal, Trond, 1987. " Production Economics and Optimal Stock Size in a North Atlantic Fishery," Scandinavian Journal of Economics, Wiley Blackwell, vol. 89(2), pages 145-164.
  • Handle: RePEc:bla:scandj:v:89:y:1987:i:2:p:145-64
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    Cited by:

    1. José-María Da-Rocha & Javier García-Cutrín & Raul Prellezo & Jaume Sempere, 2017. "The social cost of fishery subsidy reforms," Serie documentos de trabajo del Centro de Estudios Económicos 2017-02, El Colegio de México, Centro de Estudios Económicos.
    2. Adriana Gama, 2017. "Standards, taxes and social welfare," Serie documentos de trabajo del Centro de Estudios Económicos 2017-04, El Colegio de México, Centro de Estudios Económicos.
    3. 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.
    4. 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 Department of Economics 2008/24, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    5. Medel, Carlos A., 2011. "The Effects of Global Warming on Fisheries," MPRA Paper 28373, University Library of Munich, Germany.
    6. Julio Peña-Torres & Michael Basch & Sebastian Vergara, "undated". "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.
    7. James Kirkley & Dale Squires & Ivar Strand, 1998. "Characterizing Managerial Skill and Technical Efficiency in a Fishery," Journal of Productivity Analysis, Springer, vol. 9(2), pages 145-160, March.
    8. Ragnar Arnason, 2011. "Loss of economic rents in the global fishery," Journal of Bioeconomics, Springer, vol. 13(3), pages 213-232, October.
    9. José-María Da-Rocha & Raul Prellezo & Jaume Sempere & Luis Taboada Antelo, 2017. "A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies," Serie documentos de trabajo del Centro de Estudios Económicos 2017-01, El Colegio de México, Centro de Estudios Económicos.
    10. Ikerne del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2001. "Is the Current Regulation of the VIII Division European Anchovy Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(1), pages 53-72, May.
    11. George Halkos & George Papageorgiou, 2013. "Dynamic modeling of pulse fishing: A game theoretic approach," DEOS Working Papers 1324, Athens University of Economics and Business.

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