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The conflict between efficiency and maximization of employment colours all aspects of fisheries management in Canada, including implementation of rights based fisheries management regimes. Even though rights based systems are strongly based on considerations of efficiency, sometimesat the...
Persistent link: https://www.econbiz.de/10009444646
Conventional empirical demand systems normally take prices to be exogenous, and determine the quantities demanded. Although this is logical for the individual consumer, at the market level the aggregate quantity traded may be exogenously determined, while the price vector changes to ensure...
Persistent link: https://www.econbiz.de/10009444647
An optimising model is developed to determine the .sequence of total allowable catches of western mackerel which would result in the maximum present value of the stream of annual rents. It is found that the optimal steady state fishing mortality would be one half to one third of recent levels....
Persistent link: https://www.econbiz.de/10009444648
The results from graphical and regression analyses of time-series data on seafood consumption and prices suggest that preferences for seafood have strengthened in response to medical evidence that seafood promotes nutrition and health. The graphical analysis reveals a trend of increased...
Persistent link: https://www.econbiz.de/10009444649
This paper examines the generation of resource rent during the transition from an over-exploited to an efficiently managed fishery. A simple theoretical model is used to demonstrate that current industry returns may below or even negative during this adjustment phase. A case in point is the New...
Persistent link: https://www.econbiz.de/10009444650
Many fisheries are characterized by a brief and concentrated harvest period followed by a longer marketing period during which the stored product is sold out of inventories. This paper develops an economic model ofoptimal inventory dissipation for a semi-perishable product which assumesthat...
Persistent link: https://www.econbiz.de/10009444651
This paper examines the economics of catch discarding in fisheries. To study this issue a simple dynamic fisheries model is constructed. On the basis of this model it is demonstrated that in a differentiated fishery discarding of catch may be socially optimal. The paper goes on to show that...
Persistent link: https://www.econbiz.de/10009444669
internalize the costs of oil pollution, unlimited liability combined with uncertainty in damage valuation can result in great …
Persistent link: https://www.econbiz.de/10009444670
The potential for economic policy modelling approaches under alternative theories of fisheries management are reviewed. Conceptual dynamic models are developed to illustrate the discussion. Results suggest that the class of multiobjective models known as multiattribute utility theory are...
Persistent link: https://www.econbiz.de/10009444671
A consumer survey of the northeastern United States was conducted to gather market information regarding the decision to purchase fresh hybrid striped bass, trout and salmon. Logit techniques were used to model the experience, perceptions, preferences, and choices of consumers for seafood...
Persistent link: https://www.econbiz.de/10009444673