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Author:Weitzman, M. L.
Title:Landing fees vs harvest quotas with uncertain fish stocks
Journal:Journal of Environmental Economics and Management
2002 : MAR, VOL. 43:2, p. 325-338
Index terms:FISHING INDUSTRY
STOCHASTIC PROCESSES
STOCKS
UNCERTAINTY
Language:eng
Abstract:This paper analyzes the relative performance of two market-based fisheries management instruments in the presence of a stochastic stock-recruitment relation. Regulators are forced to choose either a fee per fish landed or a quota on the total fish harvest - at a time when they are uncertain what will be the stock of fish recruits that will actually materialize during the next fishing period.
SCIMA record nr: 233907
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