Panel data are used in almost all subfields of the agricultural economics profession. Furthermore, many research areas have an important spatial dimension. This article discusses some of the recent contributions made in the evolving theoretical and empirical literature on spatialeconometric...

Market interactions between the common-property commercial fishery and (1) competitive aquaculturists and (2) a dominant-firm aquaculturist are modeled. It is found that the entry of a competitive aquaculturist increases natural fish stocks, reduces price, and increases total supply. If...

This paper considers the effects of granting a fishermen's sales organization exclusive rights to sell unprocessed fish. On the assumption that the fishermen's monopolyis able to discriminate between plants and end use alternatives in its pricing policy, the conditions for profit maximization...

Production costs for fresh Atlantic groundfish and scallop processing are examined using direct observation, linear regression analysis, and cost accounting. Assuming that management chooses a production technique where marginal costs are constant over a wide range of production due to...

A simulation model is used to compare measures for future management identified in the American lobster fishery management plan; specifically, increases in the minimum legal size and a modest reduction in aggregate fishing mortality are evaluated. The analysis differs from previous work in that...

A general dynamic model of fishing under harvest share contracts is developed. Vessel owners hire fishermen to work on the vessels and pay them a share of the catch and an additional wage. The harvest rate depends on labor input, capital input, and stock level. Neither of the agents is...

There is a wide variety of regulatory instruments available for achieving economic efficiency in markets where externalities exist. All of them, when correctly designed,are equally effective, provided that complete information is available and that adjustments to the level of the instrumentscan...

In a recent paper, Clark and Munro (1980)showed that monopsony processing more than offsets the effects of open-access in the harvesting sector of a commercial fishery, and leads to overconservation of the resource. We show here that this conclusion depends critically on the cost of capacity and...

Limiting entry to the Pacific coast groundfish fishery poses two principal questions: (1) How large are the potential economic returns under limited access management? and (2) Will the economic benefits exceed the program costs plus costs associated with transitory dislocations in the fishery?...

Dynamic adjustment is an integral part of natural resource economics. Commonly, capital is assumed to respond instantaneously to changes in profits, while in reality adjustment may take place only with a time lag. In this paper, an empirical analysis of capital (boat) dynamics in the North Sea...