Variable Effort, Business Cycles, and Economic Welfare
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DOI: 10.1016/j.econlet.2020.109544
Abstract: Abstract Recent literature has shown that productivity-driven business cycles are beneficial to consumers in the context of market clearing real business cycle model. In this paper, we argue that this notion of welfare-improving business cycles… read more here.
Keywords: business cycles; variable effort; business; effort business ... See more keywords
Fisheries management in randomly varying environments: Comparison of constant, variable and penalized efforts policies for the Gompertz model
Sign Up to like & getrecommendations! Published in 2019 at "Fisheries Research"
DOI: 10.1016/j.fishres.2019.03.016
Abstract: Abstract In a previous paper, we discussed the use of an optimal variable effort fishing policy versus an optimal sustainable constant effort fishing policy in terms of the expected accumulated discounted profit during a finite… read more here.
Keywords: effort; variable effort; fishing policy; policy ... See more keywords