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Volume 27, Number 1, 2012 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/133369
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| Title: | Potential Collapse in Fisheries with Increasing Returns and Stock-dependent Costs |
| Authors: | Maroto, Jose M.
Moran, Manuel
Sandal, Leif K.
Steinshamn, Stein Ivar |
| Authors (Email): | Maroto, Jose M. (maroto@ccee.ucm.es)
Moran, Manuel (mmoranca@ccee.ucm)
Sandal, Leif K. (leif.sandal@nhh.no)
Steinshamn, Stein I. (stein.steinshamn@snf.no) |
| Keywords: | Bioeconomic modeling
stock collapse
fixed costs
cyclical dynamics
increasing returns |
| JEL Codes: | Q20
Q22
Q57 |
| Issue Date: | 2011-03 |
| Series/Report no.: | Marine Resource Economics
Vol. 27 No. 1 |
| Abstract: | We develop a bioeconomic model to analyze a fishery with fixed costs as well as a within-season continuous cost function for the generalized Schaefer production function with increasing marginal returns to effort level. We analyze the consequences of the combined effects of increasing marginal returns and fixed costs. We find that regardless of the magnitude of the fixed costs, cyclical policies are optimal. We also demonstrate that the danger of potential collapse increases with increasing fixed costs. This result is quite counterintuitive, as higher costs are usually considered to have a conservative effect on resources. |
| URI: | http://purl.umn.edu/133369 |
| Identifiers: | ISSN 0738-1360 |
| Institution/Association: | Marine Resource Economics>Volume 27, Number 1, 2012 |
| Total Pages: | 21 |
| From Page: | 43 |
| To Page: | 63 |
| Collections: | Volume 27, Number 1, 2012
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| 06-Maroto.pdf | | 559Kb | PDF | View/Open |
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