Scope for Efficient Multinational Exploitation of North-East Atlantic Mackerel
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Total
cost of harvesting
The
total cost of each player
j
’s
effort in catching
in season
s
given in Eq is:
where
is cost per unit effort. It is assumed that the modified
Schaefer harvest function
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west coast
present value
total catch
in season s given in Eq is:
is cost per unit effort. It is assumed that the modified