Pereau, Jean-Christophe; Sanz, Nicolas - Centre d'Études et de Recherche en Économie, Gestion, … - 2011
This paper analyzes the effects of an individual transferable quota (ITQ) system implemented on bycatch on the global harvest level of oligopolistic fisheries. We show that the impact of changes in the total allowable catch (TAC) on the equilibrium harvest level depends on the degree of returns...