The Economics of Fisheries Management |
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Page 47
... open - access equilibrium position of a fishery due to a change in costs , prices , or productivity of gear . An introductory analysis of the dynamics of reaching an open - access equilibrium is provided in the next section . Let us ...
... open - access equilibrium position of a fishery due to a change in costs , prices , or productivity of gear . An introductory analysis of the dynamics of reaching an open - access equilibrium is provided in the next section . Let us ...
Page 76
... open - access to the fishery , the economy will not operate at this total revenue maximization point , however . This is because the producers of effort are not concerned with the marginal revenue of effort for the fishery as a whole ...
... open - access to the fishery , the economy will not operate at this total revenue maximization point , however . This is because the producers of effort are not concerned with the marginal revenue of effort for the fishery as a whole ...
Page 152
... fishery regulations are passed only at the insistence of those in the industry , especially the fishermen . Although the whole economy will benefit from proper ... open - access fishing has led to 152 THE ECONOMICS OF FISHERIES MANAGEMENT.
... fishery regulations are passed only at the insistence of those in the industry , especially the fishermen . Although the whole economy will benefit from proper ... open - access fishing has led to 152 THE ECONOMICS OF FISHERIES MANAGEMENT.
Contents
Basic Economics | 3 |
Fundamentals of Fisheries Economics | 22 |
A More Complete Analysis of Fisheries Economics | 57 |
Copyright | |
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Common terms and phrases
amount of effort amount of fish average cost curve average revenue bioeconomic equilibrium biological catch curves change in effort consumer surplus cost of effort cost of producing curve intersects decrease demand curve depends discussion distribution dynamic MEY E/T Figure E₁ E₂ economic equilibrium effect effort and population effort in fishery equation equilibrium level equilibrium population fall fish stock fishermen Fishery Management fisherywide fishing effort forward-bending greater growth curve growth rate harvest increase in effort indifference curve level of effort licenses long-run marginal cost marginal revenue maximum economic yield maximum sustainable yield open-access equilibrium open-access fishery opportunity cost optimal output P₁ period pictured in figure population equilibrium curve present value producing effort production bundle production of effort production possibility curve profit proper reduce result short-run yield curve slope species static MEY supply curve sustained yield curve total revenue curve unit of effort vessels welfare