“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.
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DOI: 10.4173/mic.1986.2.4DOI forward links to this article:
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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}
};