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THE BACKWARD‐BENDING SUPPLY CURVE OF THE FISHING INDUSTRY 1
Author(s) -
Copes Parzival
Publication year - 1970
Publication title -
scottish journal of political economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 46
eISSN - 1467-9485
pISSN - 0036-9292
DOI - 10.1111/j.1467-9485.1970.tb00487.x
Subject(s) - economics , fishing , resource (disambiguation) , yield (engineering) , natural resource economics , neoclassical economics , demand curve , fishery , microeconomics , computer science , computer network , materials science , metallurgy , biology
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. 2 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.