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Landing Fees vs. Harvest Quotas with Uncertain Fish Stock Public Deposited

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Abstract
  • The paper analyzes the relative performance of two market-based fisheries management instruments in the presence of a stochastic stock-recruitment relation. Regulators are forced to choose either a fee per fish landed or a quota on the total fish harvest – at a time when they are uncertain what will be the stock of fish recruits that will actually materialize during the next fishing period. With such “ecological” or “environmental” uncertainty being the predominant random variable in the fishery, some striking regulatory conclusions emerge, which go strongly against conventional wisdom.
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  • Weitzman, M.L. Landing Fees vs. Harvest Quotas with Uncertain Fish Stock. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.
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  • Corvallis, Oregon, USA
Proceedings Editors
  • Shriver, Ann L.
  • Johnston, Richard S.
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  • International Institute of Fisheries Economics and Trade; U.S. National Marine Fisheries Service; MG Kailis Group
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  • *Compilers* note: A revised version of this paper is forthcoming in the Journal of Environmental Economics and Management. We are grateful to the editors and publishers for giving us permission to include in these proceedings the version of the paper that was presented at IIFET 2000. A revised version of this paper was published in the Journal of Environmental Economics and Management. Volume 43, Issue 2, March 2002, Pages 325–338
  • description.provenance : Submitted by Janet Webster (janet.webster@oregonstate.edu) on 2012-07-13T16:14:59Z No. of bitstreams: 1 114.pdf: 215056 bytes, checksum: 54143a8bb5587136656fbf5b6bd51b31 (MD5)
  • description.provenance : Made available in DSpace on 2012-07-13T16:14:59Z (GMT). No. of bitstreams: 1 114.pdf: 215056 bytes, checksum: 54143a8bb5587136656fbf5b6bd51b31 (MD5) Previous issue date: 2001

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