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About Fisheries As Natural Capital: DX DT F X - H
This document discusses environmental economics as it relates to fisheries and forestry. It introduces concepts like natural capital, bionomic equilibrium, and externalities in the context of fisheries. Traditional fisheries management aims to control annual catches through total allowable catches or fishing seasons. However, this can lead to overcapacity and population collapses. Individual transferable quotas are presented as an alternative that allows for decentralized decision making while preserving economic rents. The document also discusses optimal harvesting rules for forestry, noting trees should be harvested when the marginal growth rate equals the real interest rate to maximize land value over infinite rotations.
Detailed Information
| Author: | ['john '] |
|---|---|
| Publication Year: | 2018 |
| Pages: | 33 |
| Language: | English |
| Format: | |
| Price: | FREE |
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