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Volume 18, Number 3, 2003 >
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http://purl.umn.edu/28163
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| Title: | COULD WELFARE OPTIMALITY BE ACHIEVED WITH EXTENSIVE DATA INFORMATION? |
| Authors: | Frost, Hans
Jensen, Frank |
| Issue Date: | 2003 |
| Abstract: | This paper examines whether the Danish management system achieves welfare maximisation. For cod in the North Sea, Skagerrak, and Kattegat, rations are used. It is shown that rations raise substantial information requirements and that the existing allocation of rations is inoptimal. In addition, a linear programming model is used to show that there is considerable overcapacity in the Danish trawler fleet in the Baltic Sea. Danish fisheries managers have access to an extensive data set, and with the available information it would be possible to secure a welfare optimum. |
| URI: | http://purl.umn.edu/28163 |
| Institution/Association: | Marine Resource Economics>Volume 18, Number 3, 2003 |
| Total Pages: | 12 |
| Language: | English |
| From Page: | 275 |
| To Page: | 286 |
| Collections: | Volume 18, Number 3, 2003
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