Equilibrium prices in a vertically coordinated fishery

Article Abstract:

Competition among autonomous fish processing companies was examined. The consumer market prices and equilibrium ex-vessel in a fishery which is under a total allowable catch (TAC) policy, which is an important feature of the market, were also identified. It was shown that Nash equilibrium prices are based on vertical market stages. Equilibrium prices are Walrasian when there are more processors. The marginal valuation of the round fish by processors is close to the ex-vessel price and the quantity of processed fish is cleared by the consumer price.

Environmental Management, Fishing, Research, Prices and rates, Fishes, Environmental economics, Equilibrium (Economics)

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Economic benefits of management reform in the northern Gulf of Mexico reef fish fishery

Article Abstract:

The economic benefits of replacing controlled access with tradable harvest permits are estimated. Controlled access management in the northern Gulf of Mexico commercial reef fishery has not achieved key management objectives.

Economic aspects, Fishery conservation

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Fisheries management with stock growth uncertainty and costly capital adjustment

Article Abstract:

The development of fisheries industry in uncertain stock price and increasing cost of capital scenarios is discussed.

United States, Forecasts, trends, outlooks, Fish hatcheries and preserves, Fishing, Hunting & Trapping, Fishing, Hunting and Trapping, Analysis, Stocks, Capital investments, Stock prices, Uncertainty, Industry forecasts, Capital investment

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