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The Backward-Bending Supply Curve of the Fishing Industry

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Type: Journal Article
Author: Copes, Parzival
Journal: Scottish Journal of Political Economy
Volume: 17
Page(s):
Date: 2007
URI: http://hdl.handle.net/10535/2754
Sector: Fisheries
Region:
Subject(s): fisheries
resource management
Abstract: "Proceeding from an article by Gordon, published in 1954, the substance of an economic theory of the fisheries has emerged from the writings of a number of economists. The theory has emphasized the common- property nature of the fishery resource, generally leading to an 'over-exploitation' that results in dissipation of the rent that the resource could yield."

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