The presence of illegal, unregulated and unreported (IUU) fishing activities are considered a serious threat to the sustainable use of marine resources. This paper uses a game theoretic approach to investigate the strategic interaction between fishers and management in the presence of IUU fishing. Managers choose a combination of fines,...
We investigate the effects of incorporating a fixed input on equilibrium profits and biomass. We first set up a theoretical model with an input that is fixed in the short-run (vessel size) but that can be used with a variable input at suboptimal capacity. We use this model to get predictions for...