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Individual Discount Rate and Regulatory Compliance in a Developing Country Fishery

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Abstract
  • Studies on compliance with fishing regulations have looked at fishery crimes for which the offender faces a one-period decision problem of maximizing an expected utility. Moreover, the returns to the crimes are uncertain because the offender may lose them if caught. This paper extends these models by considering a fishery crime that generates flow of returns until the offender is caught and then punished. Consequently we incorporate into the existing model, the influence of dynamic deterrence in which the discount rate affects violation levels. The predictions of the model are tested on data from an artisanal fishery in Ghana.
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  • Akpalu, Wisdom. 2006. Individual Discount Rate and Regulatory Compliance in a Developing Country Fishery. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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Urheberrechts-Erklärung
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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