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Fishing Allocations and Optimal Fees: A Single‐ and Multilevel Programming Analysis
Author(s) -
Meuriot Eric,
Gates John M.
Publication year - 1983
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240459
Subject(s) - treasury , incentive , revenue , fishing , value (mathematics) , microeconomics , economics , dynamic programming , business , operations research , finance , computer science , fishery , mathematical optimization , mathematics , geography , archaeology , biology , machine learning
Mathematical programming methods were used, in conjunction with multilevel planning concepts, to estimate the value of foreign access to U.S. fisheries. The results indicate that the United States could raise the fees it charges substantially above 1981 levels without reducing the demand for access. However, treasury revenues are bounded from above by the incentive for joint ventures. This bound is estimated to be approximately two‐thirds of the revenue potentially available under centralized planning.