Overcapitalization and social norms of cooperation in a small-scale fishery
Abstract
The increasing technological efficiency of harvesting equipment has been identified as one of the main causes of overcapacity and overexploitation of natural resources. In this paper, a formal model is developed which studies the effects of technological efficiency as an endogenous variable within a bioeconomic system. We model capital investments in a fishery, where investment decisions are made less frequently than the allocation of variable...
Paper Details
Title
Overcapitalization and social norms of cooperation in a small-scale fishery
Published Date
Dec 1, 2019
Journal
Volume
166
Pages
106438 - 106438
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