McWhinnie, Stephanie Faye; Otumawu-Apreku, Kofi - School of Economics, University of Adelaide - 2013
We investigate the effects of incorporating a fixed input on equilibrium profits and biomass. We first set up a theoretical model with an input that is fixed in the short-run (vessel size) but that can be used with a variable input at suboptimal capacity. We use this model to get predictions for...
