Lobster Mac and Cheese, an Economist’s Perspective

The Canadian lobster industry has experienced price volatility in recent years due to an unexpectedly high volume of lobster. In Canada, environmental regulation was so successful at protecting the stock of lobster that the supply well exceeded historical landings. This unanticipated influx of product to the market along with lack-lustre demand dragged prices so low that the Maritime region experienced adverse socioeconomic effects,,, Read the rest here 15:14