In a non-cooperative fishing game of two players, one single player must be sufficiently dominant in order to have an incentive to conserve the stock. Maximum growth rate of fish stocks could often be too low in order to provide a conservation incentive for a dominant player. The fish catch...
This paper discusses public expenditures on fisheries in Norway. The purpose is to identify management and enforcement costs, management being defined as regulations necessary to overcome the open access problem. Management costs thus include costs of devising and enforcing fisheries regulations. They also include stock assessments and monitoring at sea,...
Weitzman (2002) has shown that with a stochastic growth function and uncertainty in estimating stock size, landing fees will be superior to quotas as a means of controlling fish harvest. Hannesson and Kennedy (2003) expand the analysis by considering variable availability of fish, random fish prices, and non-constant returns to...
The relative efficiency of landing fees versus quota controls to achieve given escapement levels is examined. The criterion is profit per year over a given time horizon. The model employed is a discrete version of the logistic model where growth is influenced by a random variable. Simulations are used to...
The potential for achieving sustainable and efficient harvesting of three species of migratory tuna in the
Western and Central Pacific Ocean is examined. The stocks reside in exclusive economic zones (mainly those of Pacific island countries) and in the high seas. Most harvesting is carried out by distant water fishing...
Quotas rather than landing fees are widely used for reducing the output of fisheries below open-access levels. One reason may be that quotas are perceived as a more reliable instrument for controlling total catch. However, whilst under certainty fees and quotas can be set each season to achieve the same...
The auction system is rather rare in the world fisheries. During this three-year period, 2001-2003, fish quotas in the RFE and the North (Barents Sea) were auctioned off, with the by far largest volumes in the RFE. The main purpose of auctioning quotas for fish and marine invertebrates was to...
The prices of Finnish salmon and aquacultured rainbow trout have dropped to a new all-time low in 1995. The price, in real terms, the fishers were paid for domestic salmon in the beginning of the 90's was only one fourth of what it had been in 1980. This price decline...
Recent literature on trade in fisheries products and in factors of production for fishing can be used to ask when it might be welfare increasing to encourage government financial transfers (GFTs) in the fisheries. Using numerical techniques and assuming a small open one factor 2 good economy with production inefficiencies...