STOCK AND CONGESTION EXTERNALITIES IN THE FISHERY: THE CASE OF THE GEORGES BANK SCALLOP
Jon M. Conrad and
Marilyn A. Altobello
No 284006, 1976 Annual Meeting, August 15-18, State College, Pennsylvania from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Estimation of U.S. and Canadian yield functions in a bioeconomic model of the Georges Bank scallop fishery indicated stock and congestion externalities. The latter resulted in nonconcavity of the combined yield function, thus generating the possibility of steady-state corner solutions where one nation would be eliminated from the fishery.
Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea76:284006
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