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

Marilyn A. Altobello and Jon M. Conrad

No 283750, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 13
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283750

DOI: 10.22004/ag.econ.283750

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