The fishing fleet and the component parts of effort and production can be de-scribed and analysed in different ways. As an example, the fishing fleet can be described using a list of different production function specifications. These pro-duction functions will in this paper be estimated using...

The paper shows that explicit modelling of sunk cost and a firm’s entry-exit decision in a traditional deterministic investment model may give an explanation of the slow transition to the optimal fleet structure following the introduction of individual transferable quotas (ITQs). The analysis...

A cooperation between The Farmers Association of Southern Jutland, Institute of Food Economics Department of Environmental and Business Economics, USD, and Centre for Rural Development, hosting Leader+ Denmark This report is a translation of the original report in Danish: (Jørgensen, H. P. and...