Economics of the fishery has focused on the wastefulness of common pool resource exploitation. Pure open access fisheries dissipate economic rents and degrade biological stocks. Biologically managed fisheries also dissipate rents but are thought to hold biological stocks at desired levels. We...

United States fisheries are managed by regional councils. Fishermen can participate in fisheries managed by multiple councils, and effort controls in one region could lead to effort leakage into another. Using difference-in-differences, we test for leakage across regional fisheries boundaries...