Landing fees versus fish quotas

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 us...

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Bibliographic Details
Published in:Land economics 2005-11, Vol.81 (4), p.518-529
Main Authors: Hannesson, R, Kennedy, J
Format: Article
Language:English
Subjects:
commodity prices
econometric models
Economic models
Economic theory
Economic uncertainty
Environmental management
escapement levels
Fees
Fees & charges
Fish
fish quotas
Fisheries
fisheries law
Fisheries management
Fishers
Fishery economics
Fishing lines
Land economics
landing fees
law enforcement
Marginal costs
Market prices
monitoring
population density
Prices
Profit
profitability
Quota systems
Quotas
Random variables
Regulation
simulation models
Statistical analysis
Studies
Uncertainty
Unit costs
Citations: Items that cite this one
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Summary: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 compare landing fees and quota controls under imprecise stock estimates, variable availability of fish, and random fish prices. While ecological uncertainty combined with imprecise stock estimates favors fee control, as shown by Weitzman, the opposite can be the case under uncertainty about the availability of fish or fish price. (JEL Q22, Q28)
ISSN:0023-7639
1543-8325
DOI:10.3368/le.81.4.518