THE OPPORTUNITY COST OF CAPITAL AND OPTIMAL VESSEL SIZE IN THE NORWEGIAN FISHING FLEET

被引：17

作者：

BJORNDAL, T ^{[1
]}

GORDON, DV ^{[1
]}

机构：

[1] UNIV CALGARY,DEPT ECON,CALGARY T2N 1N4,ALBERTA,CANADA

来源：

LAND ECONOMICS | 1993年 / 69卷 / 01期

关键词：

D O I：

10.2307/3146281

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We test for optimal vessel size in the Norwegian fishing fleet using cross-section data for the period 1969-73. With the prevailing interest rate defined as the opportunity cost of capital, the Conrad-Unger conditions for static optimality in vessel size are rejected for each year. However, using alternative values of the opportunity cost of capital, existing vessel size is shown to be near optimal. We conclude that individual transferable catch quotas could be introduced to regulate the fishery allowing for efficient harvesting but imposing minimal restrictions on vessel size.

引用

页码：98 / 107

页数：10