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Optimal Governing Instrument, Operation Level, and Enforcement in Natural Resource Regulation: The Case of the Fishery

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  • Lee G. Anderson
  • Dwight R. Lee

Abstract

Most regulation studies have used industry output or inputs as the control variable(s), but these are only indirectly controlled by government action through its choice of governing instrument, enforcement procedure, and penalty structure and the operational level of each. A model is developed which demonstrates how profit-maximizing firms will react to these control variables taking into account the benefits (extra production) and costs (possible penalties) of noncompliance and the ability to avoid detection of noncompliance. The optimal operation level for two sets of control variables is derived and discussed.

Suggested Citation

  • Lee G. Anderson & Dwight R. Lee, 1986. "Optimal Governing Instrument, Operation Level, and Enforcement in Natural Resource Regulation: The Case of the Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 678-690.
    • Handle: RePEc:oup:ajagec:v:68:y:1986:i:3:p:678-690.
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    Cited by:

    1. Wehner, Nicholas & Mackay, Mary & Jennings, Sarah & van Putten, E.I. & Sibly, Hugh & Yamazaki, Satoshi, 2018. "When push comes to shove in recreational fishing compliance, think ‘nudge’," MarXiv 2fyuc, Center for Open Science.
    2. Rögnvaldur Hannesson, 2011. "When is fish quota enforcement worth while? A study of the Northeast Arctic cod," Journal of Bioeconomics, Springer, vol. 13(2), pages 139-160, July.
    3. Mai Dao & George Ofori, 2010. "Determinants of firm compliance to environmental laws: a case study of Vietnam," Asia Europe Journal, Springer, vol. 8(1), pages 91-112, June.
    4. Jongwook Kim & Joseph T. Mahoney, 2002. "Resource-based and property rights perspectives on value creation: the case of oil field unitization," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 225-245.
    5. Eggert, Håkan, 2006. "Fisheries Economics and 20 years with Marine Resource Economics: A Citation Analysis," Working Papers in Economics 203, University of Gothenburg, Department of Economics.
    6. Joel Kincaid, 2003. "The Determinants of Property Rights In U.S. Marine Fisheries," Law and Economics 0304004, University Library of Munich, Germany.
    7. Damania, Richard & Bulte, Erwin H., 2006. "Renewable resource regulation and uncertain prices: The role of financial structure and bankruptcy," Resource and Energy Economics, Elsevier, vol. 28(1), pages 41-53, January.
    8. Tracey Mangin & Christopher Costello & James Anderson & Ragnar Arnason & Matthew Elliott & Steve D Gaines & Ray Hilborn & Emily Peterson & Rashid Sumaila, 2018. "Are fishery management upgrades worth the cost?," PLOS ONE, Public Library of Science, vol. 13(9), pages 1-24, September.
    9. Lars Hansen & Frank Jensen & Linda Nøstbakken, 2014. "Quota Enforcement in Resource Industries: Self-Reporting and Differentiated Inspections," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(4), pages 539-562, August.
    10. Missios, Paul C., 2004. "Wildlife trade and endangered species protection," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(4), pages 1-15.
    11. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
    12. Batstone, C. J. & Sharp, B. M. H., 2003. "Minimum information management systems and ITQ fisheries management," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 492-504, March.
    13. Juan Rosas-Munoz & José Antonio Carrillo-Viramontes, 2022. "Abundance of Resources and Incentives for Collusion in Fisheries," Sustainability, MDPI, vol. 14(22), pages 1-20, November.
    14. Joel Kincaid, 2004. "A note on some determinants of property rights in U.S. marine fisheries," Economics Bulletin, AccessEcon, vol. 17(6), pages 1-11.
    15. Alexander, Robert R. & English, Burton C., 1992. "Modeling Soil Erosion Control Policy: A Multi-Level Dynamic Analysis," 1992 Annual Meeting, August 9-12, Baltimore, Maryland 271375, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Akpalu, Wisdom, 2011. "Determinants of noncompliance with light attraction regulation among inshore fishers in Ghana," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(2), pages 172-177, April.
    17. Laplante, Benoit & Rilstone, Paul, 1995. "Environmental inspections and emissions of the pulp and paper industry : the case of Quebec," Policy Research Working Paper Series 1447, The World Bank.
    18. Nøstbakken, Linda, 2008. "Fisheries law enforcement--A survey of the economic literature," Marine Policy, Elsevier, vol. 32(3), pages 293-300, May.

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