Within fisheries it is well-known that several market failures exist. However, fisheries economists analyse these … fisheries economic model it is shown that it will be in the interest of risk-averse fishermen to report a part of their catch … catches and simulations show that the tax payment is very low. Thus, the tax system may be useful in practical fisheries …

adjusted according to the large fish fishery. With the present large fish fishery in the North Sea, the two fisheries are well …