A dynamic economic equilibrium model for the economic assessment of the fishery stock-rebuilding policies
The paper develops and analyses a dynamic general equilibrium model with heterogeneous agents that can be used for assessment of the economic consequences of fish stock-rebuilding policies within the EU. In the model, entry and exit processes for individual plants (vessels) are endogenous, as well as output, employment and wages. This model is applied to a fishery of the Mediterranean Sea. The results provide both individual and aggregate data that can help managers in understanding the economic consequences of rebuilding strategies. In particular, this study shows that, for the application presented, all aggregate results improve if the stock rebuilding strategy is followed, while individual results depend on the indicator selected.
(Links to preprints and postprints are checked for validity at the time of publication. If this link does not work, please let us know in the comments below. Additionally, you may use the Google Scholar link below to search for alternative freely-available versions of this resource.)
Report an error or inaccuracy
Notice an error in the Literature item above? Please let us know in the comments section below. Thank you for helping us keep the Literature Library up-to-date!