“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:
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  title={{Variable Quotas, Irreversible Investment and Optimal Capacity in the Fisheries}},
  author={Flåm, Sjur D.},
  journal={Modeling, Identification and Control},
  publisher={Norwegian Society of Automatic Control}