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Filtering by: Creator Punt, Maarten Conference Name International Institute of Fisheries Economics & Trade Creator Punt, Maarten

Sunk Costs Equal Sunk Boats? Entry Costs in a Sequential Fishery

Creator:

Punt, Maarten

Abstract:

When climate change alters the distribution of fish stocks, stocks that were previously owned by a single country can suddenly become shared between countries. Current models predict that in such cases, if no agreement on management is formed, stocks may be severely depleted. A similar problem arises when a new...

Resource Type:

Conference Proceeding and Presentation