Showing 1 - 10 of 148
This paper sets up a dynamic open-access model of a single industry exploiting a single resource stock. The model is applied empirically to describe the dynamics of the eastern Baltic Sea cod fishery. The theoretical model is based on the benchmark papers by Smith (1968, 1969). Types of steady...
Persistent link: https://www.econbiz.de/10009444246
We propose simple sequential calibration for an asset price model driven by piecewise Lévy processes, for which simulation methods and Greeks formulas are available. The proposed methods are easy to implement and consist of fitting a sequence of Lévy processes to a return series such that they...
Persistent link: https://www.econbiz.de/10009474908
"While the Icelandic fisheries have been managed by individual transferable quotas (ITQs) for almost a decade and the … fisheries sector seems to be performing well in economical terms, there is still no consensus about quota issue. Lately, the … difficult situation of fisheries communities short of quota has been in the centre of the debate. "In 1991-95, the main …
Persistent link: https://www.econbiz.de/10009468327
"Access to inshore fisheries in Sierra Leone and their management are discussed in order to provide a basis for … improving fisheries management."On the basis of the property rights framework, the state is the de jure owner of the inshore … fisheries resources, exploited by the artisanal fishers as authorized users. Fishers perceive stocks as a free good and in …
Persistent link: https://www.econbiz.de/10009468328
"The common property ocean fishery is often cited as an example of economic inefficiency in production. The usual recommendation is to restrict entry of fishermen so that 'incomes' of those remaining are improved. Such logic would seem to indicate that the economic theory of common property...
Persistent link: https://www.econbiz.de/10009468338
"Fisheries co-management as an alternative to centralised command and control fisheries management is often suggested … as a solution to the problems of fisheries resource use conflicts and overexploitation. Various researchers have talked … fisheries resources. There have however been no attempts to verify empirically by measuring the transaction costs involved in …
Persistent link: https://www.econbiz.de/10009468367
"Observation and measurement of the ocean's ecosystems is difficult and costly. It makes verification of our theories difficult and forces us to engage in collective action based upon often very imperfect concepts of the dynamics of the system. Once we establish the institutions of collective...
Persistent link: https://www.econbiz.de/10009468369
"Fisheries management by individual transferable quotas (ITQ's) is being advocated by several fisheries economists as a … solution to 'tragedy of commons' situations in the fisheries. Until lately, the studies of ITQ's have been purely theoretical … adopted ITQ's as an overall fisheries management system on a national level. In Iceland, fish quotas were made transferable …
Persistent link: https://www.econbiz.de/10009468403
international cooperation efforts for sharing fisheries information, in addition to find ways to understand meta-population dynamics …
Persistent link: https://www.econbiz.de/10009468407
"Over the last two decades the commercial fisheries of the Amazon have expanded considerably. Today a large and varied …
Persistent link: https://www.econbiz.de/10009468412