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- W65005963 abstract "Real options analysis shows that fishery harvesting becomes more conservative, and catch efficiency is raised, when exploitation is subject to irreversibility, uncertainty, and delay for a cooperative profit-maximizing fleet. With Rock Lobster catch and effort data from Fisheries Victoria of the Department of Natural Resources and Environment in Australia, the options-augmented surplus-yield model is tested and compared with the performance of its conventional profit-maximizing and biological maximum-sustainable-yield counterparts." @default.
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- W65005963 date "1998-07-01" @default.
- W65005963 modified "2023-10-17" @default.
- W65005963 title "Option Value of Harvesting: Theory and Evidence" @default.
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- W65005963 doi "https://doi.org/10.1086/mre.13.2.42629227" @default.
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