Econometrica: Mar 1976, Volume 44, Issue 2

Analysis of Models for Commercial Fishing: Mathematical and Economical Aspects

https://doi.org/0012-9682(197603)44:2<295:AOMFCF>2.0.CO;2-D
p. 295-303

Anthony Leung, Ar-Young Wang

This 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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