摘要：Using a new model of markets in regulated open access resources, we illustrate the evolution of a fishery asdemand for the product grows. We show that increased demand for fish in its fresh form shortens thefishing season and leads to the development of a market for processed fish. The model allows us tocalculate the rent gains from rationalizing the fishery, and we show that much of the rent gains come on themarket side as the season lengthens and more fish can be delivered to the higher-valued fresh market.
