dc.contributor.author | Maroto, Jose M. | |
dc.contributor.author | Moran, Manuel | |
dc.contributor.author | Sandal, Leif Kristoffer | |
dc.contributor.author | Steinshamn, Stein Ivar | |
dc.date.accessioned | 2009-10-19T11:25:35Z | |
dc.date.available | 2009-10-19T11:25:35Z | |
dc.date.issued | 2009-09 | |
dc.identifier.issn | 1500-4066 | |
dc.identifier.uri | http://hdl.handle.net/11250/163977 | |
dc.description.abstract | We develop a bioeconomic model to analyze a sole-owner fishery with fixed
costs as well as a continuous cost function for the generalized Cobb-Douglas
production function with increasing marginal returns to effort level. On the
basis of data from the North Sea herring fishery, we analyze the consequences
of the combined effects of increasing marginal returns and fixed costs. We
find that regardless of the magnitude of the fixed costs, cyclical policies can be
optimal instead of the optimal steady state equilibrium advocated in much of
the existing literature. We also show that the risk of stock collapse increases
significantly with increasing fixed costs as this implies higher period cycles
which is a quite counterintuitive result as higher costs usually are considered
to have a conservative effect on resources. | en |
dc.language.iso | eng | en |
dc.publisher | Norwegian School of Economics and Business Administration. Department of Finance and Management Science | en |
dc.relation.ispartofseries | Discussion paper | en |
dc.relation.ispartofseries | 2009:6 | en |
dc.subject | bioeconomic modelling | en |
dc.subject | stock collapse | en |
dc.subject | fixed costs | en |
dc.subject | pulse fishing | en |
dc.subject | cyclical dynamics | en |
dc.subject | increasing marginal returns | en |
dc.title | Continuous harvesting costs in sole-owner fisheries with increasing marginal returns | en |
dc.type | Working paper | en |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213 | en |
dc.subject.nsi | VDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Akvakultur: 922 | en |