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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Tag Archives: maximum yield
Fishing and Economic Welfare
Within a static model of a fishery one can identify levels of fishing effort for maximum yield, maximum profits and maximum welfare. Where demand is downward-sloping, effort for maximum welfare will normally be above that for maximum profits but below … Continue reading
Posted in Fisheries Tagged bioeconomic model, fishery economics, maximum welfare, maximum yield Leave a comment