Fishery policy when considering the future opportunity of harvesting.

Abstract

Free access to a common pool of resource in a country may lead to over-exploitation and sacrifice future opportunities of harvesting. As such, the protection of a common fishery resource is worth investigating. In this paper we develop a two-period model and a multi-period model to analyze the optimal inter-temporal utilization of a finite resource of stock… (More)

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Cite this paper

@article{Chen2007FisheryPW, title={Fishery policy when considering the future opportunity of harvesting.}, author={Chung-Chiang Chen and Che-Yu Hsui}, journal={Mathematical biosciences}, year={2007}, volume={207 1}, pages={138-60} }