Layoff costs and underutilization of labour in fisheries
The cost of reducing the labour force during a transition from an overexploited fishery to a bionomic fishery is taken into account. This affects both the long run steady state and the optimal approach to steady state. These effects are illustrated using the case of the Northeast‐Arctic cod stock as...
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ftrepec:oai:RePEc:spr:annopr:v:94:y:2000:i:1:p:343-355:10.1023/a:1018937704747 2023-05-15T14:30:26+02:00 Layoff costs and underutilization of labour in fisheries Leif Sandal Stein Steinshamn http://hdl.handle.net/10.1023/A:1018937704747 unknown http://hdl.handle.net/10.1023/A:1018937704747 article ftrepec 2020-12-04T13:31:25Z The cost of reducing the labour force during a transition from an overexploited fishery to a bionomic fishery is taken into account. This affects both the long run steady state and the optimal approach to steady state. These effects are illustrated using the case of the Northeast‐Arctic cod stock as a stylized example. The method outlined represents an operational way to assess harvest quotas as well as effort quotas both in the steady state and not least on the path to steady state. In the steady state analysis completely general functional forms are used, whereas in the optimal path analysis the objective function is required to be quadratic in the control variable. This requirement, however, incorporates the most important sources of nonlinearities such as downward sloping demand and increasing marginal costs. Copyright Kluwer Academic Publishers 2000 Article in Journal/Newspaper Arctic cod Arctic Northeast Arctic cod RePEc (Research Papers in Economics) Arctic |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
The cost of reducing the labour force during a transition from an overexploited fishery to a bionomic fishery is taken into account. This affects both the long run steady state and the optimal approach to steady state. These effects are illustrated using the case of the Northeast‐Arctic cod stock as a stylized example. The method outlined represents an operational way to assess harvest quotas as well as effort quotas both in the steady state and not least on the path to steady state. In the steady state analysis completely general functional forms are used, whereas in the optimal path analysis the objective function is required to be quadratic in the control variable. This requirement, however, incorporates the most important sources of nonlinearities such as downward sloping demand and increasing marginal costs. Copyright Kluwer Academic Publishers 2000 |
format |
Article in Journal/Newspaper |
author |
Leif Sandal Stein Steinshamn |
spellingShingle |
Leif Sandal Stein Steinshamn Layoff costs and underutilization of labour in fisheries |
author_facet |
Leif Sandal Stein Steinshamn |
author_sort |
Leif Sandal |
title |
Layoff costs and underutilization of labour in fisheries |
title_short |
Layoff costs and underutilization of labour in fisheries |
title_full |
Layoff costs and underutilization of labour in fisheries |
title_fullStr |
Layoff costs and underutilization of labour in fisheries |
title_full_unstemmed |
Layoff costs and underutilization of labour in fisheries |
title_sort |
layoff costs and underutilization of labour in fisheries |
url |
http://hdl.handle.net/10.1023/A:1018937704747 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic cod Arctic Northeast Arctic cod |
genre_facet |
Arctic cod Arctic Northeast Arctic cod |
op_relation |
http://hdl.handle.net/10.1023/A:1018937704747 |
_version_ |
1766304276784611328 |