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| Chen, Wei; Kauffman, Dan; Taylor, Daniel B.; Peterson, Everett B.. |
| Every year, the federal government regulates how many pounds of summer flounder (while these fish are called summer flounder, they are caught throughout the year) can be caught along the eastern seaboard. Annually, the federal government sets the total allowable landings (TAL) based on biological considerations and the each state gets a percentage of the TAL as a quota. The percentage of TAL each state receives is based on historical landings. Each state can then allocate its quota among the months. The purpose of this paper is to establish an optimization model to maximize the annual revenue from catching summer flounder by allocating their annual quota among twelve months. The first stage of this research is to specify and estimate a model to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6193 |
