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Delineation of the relevant market forms a pivotal part of most antitrust cases. The standard approach is sequential. First the product market is delineated, then the geographical market is defined. Demand and supply substitution in both the product dimension and the geographical dimension will...
Persistent link: https://www.econbiz.de/10012142296
Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...
Persistent link: https://www.econbiz.de/10011287058
We consider a robust control model for a spatially distributed commercial fishery under uncertainty, and in particular … ; model uncertainty ; robust control ; fishery …
Persistent link: https://www.econbiz.de/10009704925
larger when the tourism sector is affected. This is explained by the much higher contribution of tourism than fishery in the … adverse impacts on fishery are experienced by Spain (-0.13%), those related to tourism by Italy (almost -1%). Percent changes …
Persistent link: https://www.econbiz.de/10010493035
that could be taken into account by the RFMO managing this fishery, and to investigate some of the policy implications. …
Persistent link: https://www.econbiz.de/10011602568
-entry fishery. Because exit from limited-entry fisheries may be irreversible, the fisherman has an incentive to maintain the right … to fish (whether by actually fishing or by purchasing an annual license) even when the fishery is not profitable, in the … catch) real options model of the decision problem faced by an active fisherman who has the option to exit a fishery …
Persistent link: https://www.econbiz.de/10011606646
Artisanal fishery in the Venice lagoon is a multi-target activity with a long tradition. It was the main fishing …. 73 scenarios, obtained by changing the fishing effort of the two different types of fishery, were used to explore their … ecosystem. The above mentioned factors create a lot of conflict between the two types of fishery. …
Persistent link: https://www.econbiz.de/10011606696
We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...
Persistent link: https://www.econbiz.de/10011591696
Coral reefs may naturally flip between coral-dominated and algae-dominated states, when species' stocks trespass some threshold levels. This essay uses a stylized model of a coral reef to show how fishing may induce flips towards more algae-dominated states. Threshold effects have consequences...
Persistent link: https://www.econbiz.de/10011593284
uncertainty on the evolution of the resource stock or on demand conditions. In this paper the fishery management problem is …
Persistent link: https://www.econbiz.de/10011593322