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About: Gordon-Schaefer model     Goto   Sponge   NotDistinct   Permalink

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The Gordon-Schaefer model is a bioeconomic model applied in the fishing industry. It may be used to compute the maximum sustainable yield. It takes account of biological growth rates, carrying capacity, and total and marginal costs and revenues. This model can be applied in three primary scenarios: Monopoly; Maximum Sustainable Yield (biological optimum); and Open Access.