The recovery of fishery management costs from the fishing industry is becoming increasingly common among the fishing nations of the world. Countries such as Australia, Canada, and New Zealand have led the way in applying user charges and other cost recovery mechanisms in their commercial fisheries. The United States and...
This paper presents an empirical model of Georges Bank transboundary groundfish fishery, and reports results of a dynamic bioeconomic simulation used to evaluate the consequences of alternative management strategies for the multispecies fishery. Since the distribution of the stocks of the principal groundfish resources involves substantial movement and migration across...
The objective of this paper is to illustrate that economic institutions matter, i.e., that different rules of trade present different incentives for bidding, asking and trading in new markets, and that these different incentives lead to different price discovery patterns which yield materially different outcomes. In a laboratory tradable fishing...