Data/hora: 03/06/2024 16:47:37

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Portfolio Analysis for Optimal Seafood Product Diversification and Resource Management
Autores: | Sylvia,   Gilbert; Tuininga,   Chris; Larkin,   Sherry L.
Data: | 2006-09-22
Ano: | 2003
Palavras-chave: | Bioeconomic analysis; Dynamic optimization; Markowitz; Pacific whiting; Portfolio analysis; Resource management; Seafood processing; Resource /Energy Economics and Policy.
Resumo: | Future harvests from commercial fish stocks are unlikely to increase substantially due to biological and regulatory constraints. Developing alternative sets of processed seafood products is one strategy for increasing welfare while managing the risks inherent in a variable and renewable natural resource. To quantify the risk-benefit tradeoffs of alternative strategies, a portfolio decision framework is embedded into a multi-period bioeconomic model. The model is used to generate an efficient portfolio frontier to estimate possible rent dissipation from status quo management. Frontiers are also generated for seafood processors and brokers. Implications for the different industry agents are discussed.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

23754

http://purl.umn.edu/31092

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 28, Number 02, August 2003

Formato:

20

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