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Fisheries economic modelling: a disequilibrium approach

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Abstract
  • Reviewing traditional micro bio-economic models and the recently developed fisheries computable general equilibrium model, This research explores the possibility of constructing a disequilibrium framework in which fisheries are considered in a more realistic and convincing way based on evolutionary economic theory. The disequilibrium framework deals with heterogeneous fish producers and consumers with bounded rationality, long-term economic adjustment, and economic change towards, but will not reach, the equilibrium. This approach particularly suits fisheries where groups of producers and consumers are normally small to medium size, and prices are characterised by rigidity rather than market clearing conditions.
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  • Pan, Haoran. 2008. Fisheries economic modelling: a disequilibrium approach. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
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  • US National Oceanic and Atmospheric Administration (NOAA) Fisheries Division, The Department of Fisheries and Oceans, Canada; Aquaculture CRSP and AquaFish CRSP; Minh Phu Seafood Corporation; Vietnam Datacommunication Company (VDC); Camau Frozen Seafood Processing Import Export Corporation (Camimex); Long Sinh Limited Company; Mai Linh Group and Nam Viet Corporation.
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