Maximum economic yield
| dc.creator | Grafton, R. Quentin | |
| dc.creator | Kompas, Tom | |
| dc.creator | Chu, Long | |
| dc.creator | Che, Nhu | |
| dc.date | 2017-04-01T14:54:43Z | |
| dc.date.accessioned | 2026-07-09T07:38:59Z | |
| dc.description | Analytical results for steady-state values of the biomass that maximises the sum of inter-temporal economic profits (dynamic bMEY) are derived in terms of a generalised harvesting function. The conditions under which dynamic bMEY exceeds the biomass that maximises the sustained yield (bMSY) are evaluated under a range of conditions including when the discount rate exceeds the intrinsic growth rate, with a variable stock effect, technological change, and from an increase in the cost per unit of effort. The findings show that dynamic bMSY provides both a sustainable and profitable management target under a wide range of parameter values. | |
| dc.identifier | doi:10.22004/ag.econ.162008 | |
| dc.identifier | https://ageconsearch.umn.edu/record/162008/files/j.1467-8489.2010.00492.x.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/162008 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/590658 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/162008 | |
| dc.title | Maximum economic yield | |
| dc.type | Text |