Fisheries regulation: a survey of the literature on uncertainty, compliance behavior and asymmetric information
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Fisheries regulation : a survey of the literature on uncertainty, compliance behavior and asymmetric information. / Jensen, Frank; Frost, Hans Staby; Abildtrup, Jens.
In: Marine Policy, Vol. 81, 2017, p. 167-178.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Fisheries regulation
T2 - a survey of the literature on uncertainty, compliance behavior and asymmetric information
AU - Jensen, Frank
AU - Frost, Hans Staby
AU - Abildtrup, Jens
PY - 2017
Y1 - 2017
N2 - Economists normally claim that a stock externality arises within fisheries because each individual fisherman does not take the effect on stock size into account when making harvest decisions. Due to the stock externality, it is commonly argued that fisheries regulation is necessary, but regulatory decisions are complicated by a tremendous amount of uncertainty and asymmetric information. This paper provides an overview of selected parts of the literature on the regulation of fisheries under uncertainty and asymmetric information, and possible areas for future research are identified. Specifically, three main topics are covered. First, the issue of choosing regulatory instruments under uncertainty is discussed. Second, compliance and enforcement problems caused by fisheries regulation are investigated. Third, alternatives to a traditional enforcement policy are presented.
AB - Economists normally claim that a stock externality arises within fisheries because each individual fisherman does not take the effect on stock size into account when making harvest decisions. Due to the stock externality, it is commonly argued that fisheries regulation is necessary, but regulatory decisions are complicated by a tremendous amount of uncertainty and asymmetric information. This paper provides an overview of selected parts of the literature on the regulation of fisheries under uncertainty and asymmetric information, and possible areas for future research are identified. Specifically, three main topics are covered. First, the issue of choosing regulatory instruments under uncertainty is discussed. Second, compliance and enforcement problems caused by fisheries regulation are investigated. Third, alternatives to a traditional enforcement policy are presented.
KW - Asymmetric information
KW - Regulation
KW - Uncertainty
U2 - 10.1016/j.marpol.2017.03.028
DO - 10.1016/j.marpol.2017.03.028
M3 - Journal article
AN - SCOPUS:85016482609
VL - 81
SP - 167
EP - 178
JO - Marine Policy
JF - Marine Policy
SN - 0308-597X
ER -
ID: 193583334