Showing papers on "Fixed price published in 1973"
TL;DR: The effects on the traditional fisheries model of relaxing this assumption are the negation of marginal cost of effort equaling marginal revenue of effort as the criterion for a social optimum, and the introduction of the possibility of multiple equilibria and multiple industry profit maxima.
Abstract: The majority of work done in the economics of fisheries uses the assumption of a fixed price of output. This paper describes the effects on the traditional fisheries model of relaxing this assumption, the most important of which, as far as regulation agencies are concerned are the negation of marginal cost of effort equaling marginal revenue of effort as the criterion for a social optimum, and the introduction of the possibility of multiple equilibria and multiple industry profit maxima. Also, some new insights on fishery management with variable price and different assumptions about the number of fisheries and the number of countries involved are pointed out.
28 citations
01 Mar 1973
TL;DR: In this article, the authors statistically analyzes 15 years of Naval Air Systems Command Headquarters fixed-price incentive contract experience in the aircraft and missile procurement field and explore the relation of basic contract parameters to contract outcome through regression and analysis of variance techniques.
Abstract: : The paper statistically analyzes 15 years of Naval Air Systems Command Headquarters fixed-price incentive contract experience in the aircraft and missile procurement field. The relation of basic contract parameters to contract outcome is explored through regression and analysis of variance techniques. The inferences arising from the statistical analysis are combined with other information to draw conclusions regarding incentive contracting. The most important of these is that there is no evidence that the negotiated sharing ratio has any influence on the contractor during the performance of the contract. (Author)
1 citations