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Marine ecosystem considerations and second-best management

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  • Nicolas Quérou
  • Agnès Tomini

Abstract

Since existing regulatory schemes are often suboptimal, we compare the performance of several second-best control rules implemented on multi-species fisheries in terms of their effect on biodiversity and on effort transfer. We show how these effects depend on the economic returns and on the type of ecological interaction considered. We highlight speciffically that fishing effort is not necessarily reallocated from regulated to unregulated sectors, and that the shape of second-best effcient instruments (tax versus subsidy) may differ drastically depending on the nature of the interaction.

Suggested Citation

  • Nicolas Quérou & Agnès Tomini, 2015. "Marine ecosystem considerations and second-best management," Working Papers 15-05, LAMETA, Universtiy of Montpellier, revised Mar 2015.
  • Handle: RePEc:lam:wpaper:15-05
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    File URL: http://www.lameta.univ-montp1.fr/Documents/DR2015-05.pdf
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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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