“Variable Quotas, Irreversible Investment and Optimal Capacity in the Fisheries”

Authors: Sjur D. Flåm,
Affiliation: Christian Michelsen Research
Reference: 1986, Vol 7, No 2, pp. 93-105.

Keywords: Fisheries economics, control theory, stochastic optimization

Abstract: We study the adaptation of a fishing fleet to a situation involving variable quotas of catch and irreversible investment. The theoretical results obtained here are applied to Norwegian industrial fisheries.

PDF PDF (1355 Kb)        DOI: 10.4173/mic.1986.2.4

DOI forward links to this article:
[1] Daniel E. Lane (1992), doi:10.1080/01966324.1992.10737329
[2] S. D. Flam (1990), doi:10.1007/978-94-011-3280-0_12
[3] A. Charles (2007), doi:10.1002/9780470751589.ch8
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BibTeX:
@article{MIC-1986-2-4,
  title={{Variable Quotas, Irreversible Investment and Optimal Capacity in the Fisheries}},
  author={Flåm, Sjur D.},
  journal={Modeling, Identification and Control},
  volume={7},
  number={2},
  pages={93--105},
  year={1986},
  doi={10.4173/mic.1986.2.4},
  publisher={Norwegian Society of Automatic Control}
};