Employing an experimental approach, we examine whet
her the uncertainty on the fish/outputs price affects the
choice of vessel sizes of fishers under an ITQ scheme. Our experiment consists of two parts. In the first part,
subjects answer ten questions. The purpose is to extract the risk preference of each...
Employing an experimental approach, we examine whether the efficiency of fishery management
can be achieved under Individual Transferable Quotas regimes. We analyze the situation in
which subjects can choose one from two vessel types: a large-scale or a small-scale. The fixed
cost for the large-scale is higher than that for...