Zhang, Junjie; Smith, Martin D. - In: The Review of Economics and Statistics 93 (2011) 2, pp. 690-699
U.S. federal law calls for an end to overfishing, but measuring overfishing requires knowledge of bioeconomic parameters. Using microlevel economic data from the commercial fishery, this paper proposes a two-stage approach to estimate these parameters for a generalized fishery model. In the...