The efficiency analysis literature has long acknowledged the difference between program/policy effects and relative efficiency effects. The use of incentive compatible policy has been an important research agenda for fisheries economists, and Canada uses an array of policies and regulatory tools to fulfill the objectives of their Fisheries Act. One...
In this study, we tried to develop a theoretical framework based on the Schaefer model and establish bioeconometric models to estimate the index of fishery resources using cross-country macro data. The characteristics of our model are that we consider the effect of natural fluctuations of fishery resources over time (in...