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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. |
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