Does Factor Mobility Matter? A General Equilibrium Analysis of a Fishery Rationalization

Chang K. Seung

Marine Resource Economics, 2024, vol. 39, issue 2, 123 - 144

Abstract: Previous studies have used theoretical general equilibrium or empirical computable general equilibrium models to analyze the economic and welfare effects of fishery rationalization, adopting a simplistic assumption regarding factor mobility. This study relaxes the simplistic assumption and considers more possibilities of mobility when assessing the effects of rationalization using a computable general equilibrium model for the Gulf of Alaska groundfish trawl fishery. Results demonstrate that the effects of rationalization vary significantly across different factor mobility assumptions, suggesting that the effects computed based on the simplistic assumption could mislead fishery managers.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/728701 (application/pdf)
http://dx.doi.org/10.1086/728701 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:mresec:doi:10.1086/728701

Access Statistics for this article

More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().