Maroto, Jose M.; Moran, Manuel; Sandal, Leif Kristoffer; … - 2009
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 …