The notion that a fishing vessel's costs are a function of its "effort" is a useful paradigm in fishery analysis. This paper elaborates on this micro theoretic approach, and proposes a way to view the cost of effort relation as the interaction of capital intensity decisions and the length of the...

From 1818 to 1909, 35 government and 57 privately funded expeditions sought to locate and navigate a Northwest Passage, discover the North Pole, and make other significant discoveries in Arctic regions. Most major Arctic discoveries were made by private expeditions. Most tragedies were publicly...