We investigate the relationship between quota enforcement, compliance, and capital accumulation in ITQ regulated fisheries. Overextraction and overcapacity represent two of the main fisheries management challenges, and we aim to model and analyze the …
The existing fisheries economics literature analyzes compliance problems by treating the fishing firm as one cohesive unit, but in many cases violations are committed by agents acting on behalf of a firm. To account for this, we analyze the …
We model the exploitation of an international (shared stock) fishery which is managed using national quotas determined as agreed shares of an annual total allowable catch (TAC). Given its annual quota, each country employs enforcement effort in order …