Fisheries and the Processing Sector: Some Implications for Management Policy
Volume: Volume 11, No. 2
Issue: Autumn 1980
Pages: pp. 603-616
Authors: Colin W. Clark and Gordon R. Munro
Title: Fisheries and the Processing Sector: Some Implications for Management Policy
Abstract: This paper discusses the economics of the commercial fishing industry under the hypothesis of independent harvesting and processing sectors (although the possibility of integration is also discussed briefly). The analysis is based on an explicitly dynamic fishery model. The competitive and monopsonistic cases are discussed in detail and compared with the social welfare optimum. The implications for governmental regulation are also investigated.
JEL Classification
Natural Resources General (7210)