In this paper, we consider a market where potential firms, which are allowed to be asymmetric, can freely enter and exit, and the total output would be socially excessive without any regulation. The effects of two alternative regulatory policies in the market: the individually transferable quota...

This paper establishes that a targeted policy backfires because it reveals information about non-targeted units. In the world's largest fishery, the regulator attempts to reduce the harvesting of juvenile fish by temporarily closing areas where the share of juvenile catch is high. By combining...

User rights in fisheries refer to the rights of fishers to harvest from fish resources. In terms of exclusivity, security, duration and transferability these rights can be strong or they can be weak. For this a definition of and a measure of the strength of user rights is needed. We refer to...

The Pacific Island nations heavily rely on the tuna fishery for government revenue and economic growth. Since the conversion of some nations to the Vessel Days Scheme (VDS) from the fishing Quota system, the region's domestic catch has significantly increased. VDS has stimulated economic return...

The study provides empirical evidence that a targeted policy can backfire because information signals affect non-targeted units. Specifically, the analysis of the policy aimed at regulating the harvesting of juvenile fish in Peru's Anchovy Fishery, by temporarily closing areas with high juvenile...

Lake Victoria, globally the second-largest freshwater Lake by surface area, houses an artisanal Nile Perch Fishery that directly involves around 200K people. While the 10 whole Lake surface is potentially available to fishing activities, the fishing vessels' operational and technical...

In many spatial resource models it is assumed that the agent is able to determine the harvesting activity over the complete spatial domain. However, agents frequently have only access to a resource at particular locations at which the moving biomass, such as fish or game, may be caught or...

In January 2009 a new management regime of individual vessel quotas (IVQs) was put in force in the world's largest fishery, the Peruvian anchovy fishery. Until 2009, the fishery was managed by a regulated open access system with clear symptoms of the race for fish. We argue that the new regime...