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Open access fisheries utilization with an endogenous regulatory structure: An expanded analysis

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  • Lee Anderson

Abstract

The paper expands the Homans/Wilen model of endogenous fisheries management by providing a more general dynamic formulation, by introducing a disaggregated vessel level analysis, by comparing three different strategies to achieve the target harvest level, and by considering the possibility of political intervention in setting target harvest levels based on the economic conditions of participants. It is demonstrated that using different regulations to support the same total harvest program will cause the fishery to behave differently with respect to the shape of the time path, equilibrium fleet size, season length, vessel daily output level, and in some cases the possibility of achieving an equilibrium. Also, political intervention to relax total harvest levels will change the time path and can change the equilibrium. Copyright Kluwer Academic Publishers 2000

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  • Lee Anderson, 2000. "Open access fisheries utilization with an endogenous regulatory structure: An expanded analysis," Annals of Operations Research, Springer, vol. 94(1), pages 231-257, January.
    • Handle: RePEc:spr:annopr:v:94:y:2000:i:1:p:231-257:10.1023/a:1018904830246
    DOI: 10.1023/A:1018904830246
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    Cited by:

    1. José Da Rocha & María Gutiérrez, 2012. "Endogenous Fishery Management in a Stochastic Model: Why Do Fishery Agencies Use TACs Along with Fishing Periods?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 25-59, September.
    2. Da Rocha, José María & Gutiérrez Huerta, María José, 2010. "Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    3. Diana Dijk & Eligius M. T. Hendrix & Rene Haijema & Rolf A. Groeneveld & Ekko C. Ierland, 2017. "An Adjustment Restriction on Fish Quota: Resource Rents, Overcapacity and Recovery of Fish Stock," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(2), pages 203-230, June.
    4. Andries Richter & Anne Maria Eikeset & Daan Soest & Florian Klaus Diekert & Nils Chr. Stenseth, 2018. "Optimal Management Under Institutional Constraints: Determining a Total Allowable Catch for Different Fleet Segments in the Northeast Arctic Cod Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 811-835, April.

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