Grafton, R. Quentin; Kompas, Tom; Chu, Long; Che, Nhu - In: Australian Journal of Agricultural and Resource Economics 54 (2010) 3, pp. 273-280
Analytical results for steady-state values of the biomass that maximises the sum of inter-temporal economic profits (dynamic b<sub>MEY</sub>) are derived in terms of a generalised harvesting function. The conditions under which dynamic b<sub>MEY</sub> exceeds the biomass that maximises the sustained yield (b<sub>MSY</sub>) are...