Browsing Biltoki by Author "Murillas Maza, Arantza"
Now showing items 1-4 of 4
-
Fractional Integration Analysis and its Implications on Profitability: the Case of the Mackerel Market in the Basque Country
This paper analyses weekly prices for mackerel landed by the inshore fleet at the ports of the Basque Country in 1995-2008, using new econometric techniques never before applied to the fishing market. The idea is to learn ... -
Sole Ownership and Common Property Under Management Flexibility: Valuation, Optimal Exploitation and Regulation
Murillas Maza, Arantza (2001-01)If one were to examine the institutional configurations under which real world fisheries operate, one would find virtually no fisheries operating under either pure open access or rent maximizing conditions. Instead, most ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (I)
Murillas Maza, Arantza (2000-01)[EN] The valuation of development opportunity of a fishery is made particularly difficult by the high degree of uncertainty attaching to the price of the fishing resource. The net-present-value and other discounted cash-flows ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (II)
Murillas Maza, Arantza (2000-01)[EN] The irreversibility of the investment expenditures in a fishery and the high degree of uncertainty attaching to the price of the fishing resources make the evaluation of investment opportunity in a fishery particularly ...