Fisheries Management under Uncertainty using Non-linear Fees

This paper considers non-linear taxation to regulate fisheries. It compares that instrument with quantity control and linear taxation. Traditionally the question of how to regulate fisheries has been posed as a choice between price and quantity control. A numerical example, concerned with demersal fisheries, indicates that non-linear taxation is superior to quantity control. When cost uncertainty is involved, it can also prove more efficient than the price instrument.