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| | Nat' Academies Press, The Drama of the Commons (2002) |
 | | Beyond the “maximum sustainable yield,” however, further increases in harvesting would result in a decrease of total harvest and revenue because replenishment of the fish stock was presumed to depend on the size of the current fish stock, which falls below the level necessary for full replacement once fishing extracts more than this yield. |
 | | By including the revenue occurring from fishing (yield times the fish price) and the costs of fishing effort, they defined the “maximum economic yield,” that is, the fishing effort at which the difference between fishing revenue and costs is maximum, and the level of the fishing effort under open access. |
 | | Yield increases with effort until the maximum sustainable yield is reached; beyond that, the fish stock can replenish only at a lower rate—the population is simply drawn down. |
| www.nap.edu /books/0309082501/html/9.html (865 words) |
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