Journal article
Edward R. Morey
Journal of Environmental Economics and Management, vol. 13(1), 1986, pp. 30-49
Journal of Environmental Economics and Management, vol. 13(1), 1986, pp. 30-49
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APA
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Morey, E. R. (1986). A generalized harvest function for fishing: Allocating effort among common property cod stocks (A generalized harvest function). Journal of Environmental Economics and Management, 13(1), 30–49.
Chicago/Turabian
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Morey, Edward R. “A Generalized Harvest Function for Fishing: Allocating Effort among Common Property Cod Stocks (A Generalized Harvest Function).” Journal of Environmental Economics and Management 13, no. 1 (1986): 30–49.
MLA
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Morey, Edward R. “A Generalized Harvest Function for Fishing: Allocating Effort among Common Property Cod Stocks (A Generalized Harvest Function).” Journal of Environmental Economics and Management, vol. 13, no. 1, 1986, pp. 30–49.
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@article{edward1986a,
title = {A generalized harvest function for fishing: Allocating effort among common property cod stocks (A generalized harvest function)},
year = {1986},
issue = {1},
journal = {Journal of Environmental Economics and Management},
pages = {30-49},
volume = {13},
author = {Morey, Edward R.}
}
Simple harvest functions, such as the Schaefer or the biomass and effort Cobb-Douglas function, have been the foundation of most dynamic fishery models. The intent of this article is to question these simple harvest functions by theoretically specifying and estimating a general harvest technology. The harvest from a particular stock is assumed to be a function of: (1) the amount of fishing effort applied; (2) the stock's biomass; (3) the size of the recruit class; and (4) an index of other characteristics of the stock. Data are available for a number of common property cod stocks in the North Atlantic. The harvesting technology is estimated by developing a general stochastic variable cost function to explain how a country allocates its fishing effort among these common property stocks. Both the Schaefer harvest function, and the biomass and effort Cobb-Douglas function are rejected on empirical grounds.
