A welfare gain from switching to taxes? The Danish cod fishery in the Kattegat
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A welfare gain from switching to taxes? The Danish cod fishery in the Kattegat. / Jensen, Frank; Hansen, Lars Gårn; Nielsen, Rasmus.
In: Land Economics, Vol. 100, No. 2, 2024, p. 353-369.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - A welfare gain from switching to taxes?
T2 - The Danish cod fishery in the Kattegat
AU - Jensen, Frank
AU - Hansen, Lars Gårn
AU - Nielsen, Rasmus
PY - 2024
Y1 - 2024
N2 - Theoretical papers show that there could be a welfare gain from switching to tax regulation if managers are more uncertain about key parameters of a fishery than fishermen. We estimate the size of the welfare gain that would result if a manager of the Danish cod fishery in the Kattegat switched from the current individual transferable quota system to tax regulation. We find that this would generate a small welfare gain of 0.023% of the industry profit and variations in parameter values (+/- 20 %) at most result in a gain of 0.029%
AB - Theoretical papers show that there could be a welfare gain from switching to tax regulation if managers are more uncertain about key parameters of a fishery than fishermen. We estimate the size of the welfare gain that would result if a manager of the Danish cod fishery in the Kattegat switched from the current individual transferable quota system to tax regulation. We find that this would generate a small welfare gain of 0.023% of the industry profit and variations in parameter values (+/- 20 %) at most result in a gain of 0.029%
U2 - 10.3368/le.100.2.052521-0054R2
DO - 10.3368/le.100.2.052521-0054R2
M3 - Journal article
VL - 100
SP - 353
EP - 369
JO - Land Economics
JF - Land Economics
SN - 0023-7639
IS - 2
ER -
ID: 369132099