论文信息 - A WELFARE ANALYSIS OF EL NINO FORECASTS IN THE INTERNATIONAL TRADE OF FISH MEAL - AN APPLICATION OF STOCHASTIC SPATIAL EQUILIBRIUM MODEL

A WELFARE ANALYSIS OF EL NINO FORECASTS IN THE INTERNATIONAL TRADE OF FISH MEAL - AN APPLICATION OF STOCHASTIC SPATIAL EQUILIBRIUM MODEL

This study identifies the potential marine environment and economic effects of El Nino on anchovy, herring and sardine fisheries in the eastern equatorial Pacific. By considering the uncertainly of El Nino, this study used a stochastic spatial equilibrium model to evaluate the social welfare gains of 1997/98 El Nino forecasts in the international trade of fish-meal.

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