Fishery regulation with harvest uncertainty.

L. J. Mirman; D. F. Spulber

doi:10.2307/2526717

Fishery regulation with harvest uncertainty.

L. J. Mirman, D. F. Spulber

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9 Scopus citations

Abstract

Harvesting of fish is subject to considerable technological uncertainty due to the constant migration of fish populations and the difficulties involved in locating the stock of fish. Even with the sophisticated search procedures employed in commercial fishing, the potential yield remains a random variable, ie the yield-effort relationship is stochastic. The optimal regulation of a fishery subject to harvest uncertainty is considered. The unregulated free access fishery and socially optimal fishery are studied in turn.-from Authors

Original language	English (US)
Pages (from-to)	731-746
Number of pages	16
Journal	International Economic Review
Volume	26
Issue number	3
DOIs	https://doi.org/10.2307/2526717
State	Published - Jan 1 1985

ASJC Scopus subject areas

Economics and Econometrics

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Mirman, L. J., & Spulber, D. F. (1985). Fishery regulation with harvest uncertainty. International Economic Review, 26(3), 731-746. https://doi.org/10.2307/2526717

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