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Optimal Depletion of a Replenishable Resource: An Evaluation of Recent Contributions to Fisheries Economics

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The Economics of Natural Resource Depletion

Abstract

The theory relating to optimal rates of depletion of stocks of non-replenishable natural resources has been developed, if a little sporadically, throughout this century. The theory of optimal rates of use of replenishable resources does not seem to have had any such comprehensive development, and the work that has been undertaken has been specifically directed towards one or other of the two main replenishable resources — forestry and fisheries. It is to the latter of these that this paper is devoted. More specificially it is confined to the major developments that have taken place in fisheries economics over the last five years.

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Notes

  1. A. Burd, ‘The North Sea Herring Fishery’, mimeo (M.A.F.F. Sea Fisheries Laboratory, Lowestoft, 1973).

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© 1975 Macmillan Publishers Limited

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Butlin, J. (1975). Optimal Depletion of a Replenishable Resource: An Evaluation of Recent Contributions to Fisheries Economics. In: Pearce, D.W. (eds) The Economics of Natural Resource Depletion. Palgrave, London. https://doi.org/10.1007/978-1-349-15577-4_6

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