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...

The exclusion from U.S. waters since 1981 has greatly reduced the harvest potential for Canada's Pacific halibut fleet, making it particularly important that halibut resources in the Canadian zone he exploited at optimal levels. This paper provides a bioeconomic analysis of the joint-stock...

To value water quality improvements in the Chesapeake Bay or elsewhere, it is necessary to choose an appropriate model of consumer behavior. A number of different travel cost based recreation demand models have beenemployed to value changes in water quality or beach access. Among the possible...

We develop a model of regulation of environmental risks in a heterogeneousindustry when policy makers are sensitive to uncertainties about the processes generating the risks. Optimal source reduction capacity is shown to vary according to site suitability. Optimal source reduction capacity and...