In this paper an extended version of the well-known Faustmann model is developed for solving the rotation problem in fish farming. Two particularly important aspects of the problem are emphasized: namely first, the possibilities for cycles in relative price relationships and second, the problem with limitations in release time for...
Norwegian aquaculture emerged in the end of 1960 when new discoveries transformed production from trout farming to salmon farming. During recent decades farmed salmon has been one of the most successful aquaculture species in terms of production growth. Annual global production has increased from a few thousand tons in 1980...
We develop a model of a multinational firm producing commodities for a global market in multiple locations with location-specific risks and different regulatory standards. Salmon aquaculture and disease outbreaks provide an empirically relevant example. We specifically examine details of the infectious salmon anemia outbreak in Chile in the late 2000s,...
Excess capacity and overexploitation are the main problems for the sustainability of marine fisheries around the world. This study estimates the capacity utilization, excess capacity and factors affecting capacity utilization of the multispecies gill-net boats operating in the Bay of Bengal using cross-sectional primary data collected from the two main...
Pursuit of the triple bottom line of economic, community and ecological sustainability has increased the complexity of fishery management; fisheries assessments require new types of data and analysis to guide science-based policy in addition to traditional biological information and modeling. We introduce the Fishery Performance Indicators (FPIs), a broadly applicable...