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| Author: | Homans, F. R. Wilen, J. E. |
| Title: | Markets and rent dissipation in regulated open access fisheries |
| Journal: | Journal of Environmental Economics and Management
2005 : MAR, VOL. 49:2, p. 381-404 |
| Index terms: | fishing industry markets rents |
| Language: | eng |
| Abstract: | This paper discusses the potential complexity of interactions between markets, product quality, excess effort, and regulatory behavior in fisheries. A model describes the equilibrium that results when effort responds to open access incentives and when regulators respond to effort qrowth by mitigating its potential harmful effects on biomass safety. |
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