Antichain Codes

We show that almost all codes satisfy an antichain condition. This states that the minimum length of a two dimensional subcode of a code C increases if the subcode is constrained to contain a minimum weight codeword. In particular, almost no code satisfies the chain condition. In passing, we study the typical behaviour of codes with respect to generalized distances and show that almost all lie on a generalized Varshamov-Gilbert bound.     

REGULATORY CONTROLS AND MARKET POWER EXERTION: A STUDY OF THE PACIFIC HALIBUT INDUSTRY

Regulatory controls designed to manage Pacific halibut fisheries are shown to have altered firms' competitive behavior. Managing catch through open access derbies allowed processors to exert monopsony market power at the vessel level during short seasons. As a result, a significant portion of regulatory rents associated with reduced seasons were captured by processors. Results also indicate that processors have not exerted significant market power at the wholesale level.