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Featured researches published by Frederick W. Bell.
Journal of Political Economy | 1972
Frederick W. Bell
This paper demonstrates the effect of technological externalities on the production of northern lobsters, a common-property resource. An increase in effort (that is, size of the industry) of 100,000 traps fished will depress landings per trap for the individual firm by 2.4 pounds. Therefore, the northern lobster industry produces so as to equate average revenue to long-run average cost. Approximately one-half of the present fishing effort would be needed to achieve economic efficiency or marginal cost pricing. The goal of allocative efficiency should be weighed against the strategy to provide somewhat greater employment, especially in rural areas where labor opportunity cost is relatively low.
The American Economic Review | 1971
Richard F. Fullenbaum; Ernest W. Carlson; Frederick W. Bell
File Manuscripts | 1972
Frederick W. Bell; Richard K. Kinoshita
File Manuscripts | 1970
Frederick W. Bell; Ernest W. Carlson; Frederick V. Waugh
Journal of Political Economy | 1972
Richard F. Fullenbaum; Ernest W. Carlson; Frederick W. Bell
Archive | 1970
Frederick W. Bell; Ernest W. Carlson
File Manuscripts | 1972
Frederick W. Bell; William E. Schaaf; Ernest W. Carlson; George Hirschhorn
File Manuscripts | 1972
Frederick W. Bell; Richard F. Fullenbaum
File Manuscripts | 1972
Frederick W. Bell; William E. Schaaf; Ernest W. Carlson; George Hirschhorn
File Manuscripts | 1972
Frederick W. Bell; Richard F. Fullenbaum