Within fisheries it is well-known that several market failures exist. However, fisheries economists analyse these market failures separately despite the fact that the market failures arise simultaneously. In this paper several market fail-ures that arise simultaneously are analysed. A resource...

The existing fisheries economics literature analyzes compliance problems by treating the fishing firm as one cohesive unit, but in many cases, violations are committed by agents acting on behalf of a firm. To account for this, we analyze the principal-agent relationship within the fishing firm....