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The expansion of national fisheries jurisdiction to the two-hundred-mile limit enabled maritime nations to allocate increased shares of the fish catch off their shores to their own fishermen. The Atlantic groundfish catches of Canada and the United States are sold primarily on the American market. A Nerlovian inventory adjustment-price expectations model is estimated for the American demand for groundfish. Income and price elasticities are perverse. The ability of the American market to absorb the increased anticipated catches are therefore limited, and benefits of extended fisheries jurisdiction will be lost unless marketing arrangements are substantially changed.

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