This paper contributes to the literature on economic efficiency, technical change, bioeconomic modeling, and renewable resource economics in general by introducing output-oriented Debreu-Farrell technical inefficiency and technical progress into normative static and dynamic bioeconomic models of a fishery and examines the economic and policy ramifications for the open-access Nash and...
The majority of monitored fish stocks globally is fully or over exploited, that is, at or below their maximum sustainable yield stock levels. Despite this resource situation international trade in fish products have been increasing for a long time. An export tax on fish and fish products, as an alternative...
In recent years, considerable attention has been given to the effects of removing trade restrictions on natural resource utilization and on poverty, especially in developing countries. Our paper adds to the growing body of conceptual work to show conditions under which a developing country that, in isolation, is unable to...
Coastal nations can impose conditions of use on foreign fishing firms that operate in their Exclusive Economic Zone. We develop a game-theoretical model in which a fishery owner maximizes the revenue that it collects from firms that operate in its EEZ by charging them a fishing fee. We find that...