Construct · 1 fields · 1 citations

Gordon-Schaefer model: a standalone construct

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Fisheries economics

a bioeconomic model showing that under open access, fishing effort expands until resource rent is dissipated, beyond the economically optimal level.

In fisheries economics, Gordon-Schaefer model refers to a bioeconomic model showing that under open access, fishing effort expands until resource rent is dissipated, beyond the economically optimal level. This meaning comes from Gordon (1954) in Journal of Political Economy.[1]

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Nearby constructs

commons4 fields · 5 citationsjingle · one word, from open access to common property effort2 fields · 2 citationsjingle · one word, two constructs level1 fields · 1 citationsanchor · a standalone construct

References

Gordon, H. S. (1954). The Economic Theory of a Common-Property Resource: The Fishery. Journal of Political Economy, 62(2), 124-142. https://doi.org/10.1086/257497

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