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On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith
On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith
Economics Faculty Articles and Research
Examines the models of commercial fishing. Representation of the variable K as a measure of crowding externality in the cost function; Change of the degree of fishing pressure without changing the variable K; Modification of the output of firms by varying the inputs.