Public Regulation and the Structure of Production in Multiproduct Industries: An Application to the New England Otter Trawl Industry
研究多物种渔业的监管问题，将其视为对多产品企业生产的监管，通过估计新英格兰底拖网渔业的利润函数，发现直接监管投入比传统生物经济模型更有效。
This article considers the problem of managing multispecies fishing industries as one of regulating the production of individual multiproduct firms. The multispecies New England otter trawl industry is examined within this framework. Empirical results derived from estimating a multiproduct profitfunction indicate that management consistent with the structures ofmultiproduct production and costs would directly regulate inputs. Little support is provided for applying the traditional bioeconomic model to the fishery studied.