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value of their catch. A theoretical model describing the high-grading behavior of fishers is presented, and an empirical … model is derived as well as a testing strategy to test for high-grading and to estimate the discarded amount of each grade …. The results indicate that highgrading occurs in the Icelandic cod fishery for both long-line and net vessels. However, the …
Persistent link: https://www.econbiz.de/10005476827
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
This paper discusses long-term equilibrium in a fishery managed by individual transferable quotas. Rising prices or falling capital costs become capitalized in a higher value of quotas, implying higher capital costs for holding quotas. This may in fact reduce the size of each firm and lead to...
Persistent link: https://www.econbiz.de/10005684489
In this paper we find evidence that the new economic geography approach is able to describe and explain the spatial characteristics of an economy, in our case the German economy. Using German district data we estimate the structural parameters of a new economic geography model as developed by...
Persistent link: https://www.econbiz.de/10010295495
Recent studies of border effects have focused on the intra-country and inter-country comparison of trade flows. It is found that borders have a negative impact on the size of cross-border trade. In order to estimate border effects on a regional level one needs not only data on inter-country but...
Persistent link: https://www.econbiz.de/10010295519
Recent studies of border effects have focused on the intra-country and inter-country comparison of trade flows. It is found that borders have a negative impact on the size of cross-border trade. In order to estimate border effects on a regional level one needs not only data on inter-country but...
Persistent link: https://www.econbiz.de/10009442363
This paper compares various estimation methods often used in the estimation of gravity models of international trade. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and their impact on estimated coefficients. They then estimate...
Persistent link: https://www.econbiz.de/10011504357
Persistent link: https://www.econbiz.de/10010229310
This paper compares various estimation methods often used in the estimation of gravity models of international trade. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and their impact on estimated coefficients. They then estimate...
Persistent link: https://www.econbiz.de/10011502657
Persistent link: https://www.econbiz.de/10013256870