The economics of fisheries management |
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Contents
Basic Economics | 3 |
Fundamentals of Fisheries Economics | 22 |
A More Complete Analysis of Fisheries Economics | 57 |
Copyright | |
9 other sections not shown
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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 chapter consumer surplus cost of effort cost of producing curve intersects decrease demand curve discussion distribution dynamic MEY 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 cost curve marginal revenue maximize maximum economic yield maximum sustainable yield open-access equilibrium open-access fishery opportunity cost optimal output period pictured in figure population equilibrium curve present value price of fish 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