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We develop a bioeconomic model to analyze a sole-owner fishery with fixed costs as well as a continuous cost function … and fixed costs. We find that regardless of the magnitude of the fixed costs, cyclical policies can be optimal instead of … collapse increases significantly with increasing fixed costs as this implies higher period cycles which is a quite …
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costs and depreciation and SG&A as proxies for the sticky fixed costs. We introduce a new adjustment to the textbook …
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