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The Optimality of the Common Fisheries Policy: the Northern Stock of Hake
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic
bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits ...
Growth in Overlapping Generation Economies with Non-Renewable Resources
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
Feasibility of positive steady-state growth in overlapping generation (OLG) economies that use non-renewable resources as essential inputs in the production process is analyzed. The model we use is, in essence, that of ...