The Backward-Bending Supply Curve of the Fishing Industry

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Date

2007

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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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fisheries, resource management

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