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fisheries and we look at the case of Iceland which implemented an individual transferable quota system (ITQs) in its fisheries …User rights in fisheries refer to the rights of fishers to harvest from fish resources. In terms of exclusivity … of the strength of user rights is needed. We refer to strong and weak user rights, and by strong user rights in fisheries …
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Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can undermine the effectiveness of audits. We conduct a...
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