Estimating a demand system under the assumption that preferences are homogeneous may lead to biased estimates of parameters for any specific individual and significantly different expected consumer surplus estimates. This paper investigates several different parametric methods to incorporate...

In the early 1990s, two major crises affected the French fish market. Low import prices were suspected to have affected import levels of fish. Therefore, this paper looks at the empirical economic factors of fish imports in France. Most economic papers related to this field use a demand function...

Heavy positively autocorrelated natural fluctuations in a fisheries stock level are problematic for fisheries management, and collapses in the stock dynamics are difficult to avoid. In this paper, we compare three different harvesting strategies (proportional harvesting, threshold harvesting,...

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...

The specification of a convex production technology is a potential issue in estimating firm-level Johansen plant capacity utilisation rates and their subsequent use in the short-run Johansen industry capacity model of the fishery. There are different plant capacity utilisation estimates with...

In the framework of a study for the European Commission on 'Measuring Capacity in Fishing Industries using the Data Envelopment Analysis (DEA) Approach,' the methodology was applied to a substantial sample of the Dutch beam trawler fleet. Beam trawling for flatfish is the main occupation of the...

Improving quality is a major goal in the global seafood market due to increasing consciousness among buyers, who are becoming "quality consumers" rather than "quantity consumers." This paper uses the hedonic approach to determine the marketable characteristics of prawn and shrimp in a domestic...

A formal economic analysis of the discarding problem is presented, focusing on the individual fisherman and the effect of different regulations on the fisherman's incentives to discard. It is shown that in a nonregulated fishery, either multispecies or single species/multisize, where the only...

Much debate and subsequent confusion have recently been generated regarding the economic importance of the longline fisheries for tuna and swordfish in Hawaii. Depending on the methodology employed, the measures of the economic importance of these fisheries to Hawaii can vary significantly. This...

Total Allowable catches (TACs) for whitefish in European Union (EU) waters have been reduced each year for the past five years, thereby reducing fleet revenue. During the same period prices increased, partly offsetting income reductions. However, price changes depend on the structure of the...