The basic hypothesis underlying this paper is that the amount of fishing that a fisher undertakes over a year is not determined solely by circumstances which are exogenous to the fisher, such as weather conditions and resource availability, but are the subject of individual choice. As such, the decision can...
Published June 1970. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
In agriculture there has been a long history of using a levy or an insurance premium to create mutual funds to mediate economic risks to growers due to environmental variability and quarantine pests. In the United States the federal government, through the USDA, continues to underwrite funds (collected by private...