Recent research has on the basis of general equilibrium models warned that trade liberalisation in non-optimally managed renewable resources might cause over-exploitation and reduced steady-state welfare. Welfare effects of trade liberalisation in open access and optimal management are found...

Supply in fisheries is traditionally known for its backward bending nature, owing to externalities in production. Such a supply regime, however, exist only for pure open access fisheries. Since most fisheries worldwide are neither pure open access, nor optimally managed, rather between the...

This paper analyses the extent to which specialisation gains can be achieved by liberalising access to fishing quotas within the European Union (EU). Fishing quotas are today exchanged between EU member states at a rate of 4% of total turnover in EU fisheries. Germany, Belgium, Denmark and the...