Restoring a Fish Stock: A Dynamic Bankruptcy Problem
Total Allowable Catch (TAC) regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional Rule, based on historical catches, implies that harvesters or vessel groups which have captured more in the past and contributed to overfishing are getting larger quotas than groups that have contributed less to overfishing. In contrast to this rule a more egalitarian rule, the Constrained Equal Award Rule, is proposed for distributing the TAC. Contingent upon the fishing techniques used by the harvesters, it is demonstrated how the fish stock recovery period, harvest and profitability may vary according to these two rules.
|Date of creation:||24 Apr 2007|
|Date of revision:|
|Contact details of provider:|| Postal: 7491 Trondheim|
Phone: 73 59 19 40
Fax: 73 59 69 54
Web page: http://www.svt.ntnu.no/iso/WP/wp.htm
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marta Escapa & RaÚl Prellezo, 2003.
"Fishing Technology and Optimal Distribution of Harvest Rates,"
Environmental & Resource Economics,
Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 377-394, July.
- Escapa García, Marta & Prellezo, Raúl, 1999. "Fishing Technology and Optimal Distribution of Harvest Rates," BILTOKI 1999-07, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
When requesting a correction, please mention this item's handle: RePEc:nst:samfok:8507. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilde Saxi Gildberg)
If references are entirely missing, you can add them using this form.