Econometrica: Mar 1976, Volume 44, Issue 2
Analysis of Models for Commercial Fishing: Mathematical and Economical Aspects
Anthony Leung, Ar-Young WangThis paper investigates a simple economic model for the commercial fishing industry. The results imply the phenomena of non-explosive fishing capital investment and non-extinctive fishery resources. Both investments and resources will always tend to an equilibrium position. A comparison with a more general model is also made.
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