This paper considers the design of individual quota programs for fisheries where more than one market class of fish is harvested and where a manager is uncertain about the fishing technology, prices, stock levels, and compliance. In particular, the paper considers three problems that follow from a manager's uncertainty and the multi-product nature of the fishery; discarding, ex ante uncertainty, and data fouling. Since multi-product fisheries and uncertainty are the norm, the issues addressed here are fundamental to fisheries regulation.
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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number
mturner-01-01.
Length: 20 pages Date of creation: 11 Dec 1999 Date of revision: Handle: RePEc:tor:tecipa:mturner-01-01
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Find related papers by JEL classification: Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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