Entry deterrence and overexploitation of the fishery

Article Abstract:

It is often impossible to prevent poachers from encroaching on a nation's fisheries. Assuming a long-run non-cooperative solution, the home nation can successfully deter poachers under an open-access policy which restricts vessels, making the poachers costs higher than the home nation, and therefore making poaching unprofitable. It is not sure whether consumers under this model will gain or lose.

Commercial Fishing, Noncommercial research organizations, Economic aspects, Protection and preservation, Poaching, Fishery management, Fishery resources

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Real investment decisions under adjustment costs and asymmetric information

Article Abstract:

Research was conducted to examine a cost-of-adjustment model of investment with distinguishable characteristics. A new form of hysteresis that results from conflicting incentives to misrepresent costs for certain types was the most remarkable. The model provides a new interpretation of Tobin's q under asymmetric information and explains some results of the mergers and acquisition literature.

Research, Models, Investments, Uncertainty

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Can financial intermediation induce endogenous fluctuations?

Article Abstract:

The impact of financial intervention is examined in the light of internal market variations, in the light of the decrease in the amount of capital invested due to technological success.

United Kingdom, Contracts & orders received, Personal credit institutions, Contracts & orders let, Nondepository Credit Intermediation, Lending Services, Contracts, Contract agreement, Loans, Financial intermediation

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