How General Is the Hubbert Curve? the Case of Fisheries
نویسندگان
چکیده
The Hubbert model of crude oil production can describe several regional cases, but it is not yet generally accepted as being of validi for all cases, especially for the worldwide case of oil extraction. The present paper shows that the model is of general validity to describe cases in which a resource is depleted faster than it can be replaced, as in the case of biological resources. In some cases, historical fishery data appear to be relevant for understanding the present price trends of crude oil.
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