A MODEL FOR DETERMINING OPTIMAL MULTI-NATIONAL EXPLOITATION OF A MARINE FISHERY

The marine fishery is an example of a renewable common property resource and as such, exhibits a distinguishing characteristic which results in unusual economic implications. More precisely, ownership of or property rights to the common property resource are not clearly defined. Thus the resource can be exploited by more than one economic agent, and in the case of the marine fishery, by more than one nation. Furthermore, no single vessel owner or nation can prevent another from harvesting a particular fishery resource.


Issue Date:
1977-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/283750
Language:
English
Total Pages:
13




 Record created 2019-02-15, last modified 2020-10-28

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