Modern fishing technology and profitability in a second best situation
This paper formulates a simple biomass growth model of a fishery. In this model, fish are exploited in a restricted open-access regime where a fixed number of harvesters exploit the fish stock in a myopic profit-maximizing manner. It is demonstrated that more modern fishing technology has a two-sided profitability effect, where the direct, short-run, positive effect is counterbalanced by a negative, long-run, indirect effect that slows population growth. In the steady state, it is shown that more modern technology dissipates the rent under already high exploitation pressure, while the opposite occurs if the fish stock is initially little, or moderately, exploited.
|Date of creation:||09 Jul 2007|
|Date of revision:|
|Contact details of provider:|| Postal: 7491 Trondheim|
Phone: 73 59 19 40
Fax: 73 59 69 54
Web page: http://www.svt.ntnu.no/iso/WP/wp.htm
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nst:samfok:8907. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilde Saxi Gildberg)
If references are entirely missing, you can add them using this form.