Chávez, Carlos; González, Nuria; Salgado, Hugo - In: Marine Policy 32 (2008) 4, pp. 570-579
We study an individual transferable quota system with imperfect enforcement. We apply a model of individual fisherman behavior to the red shrimp (Pleuroncodes monodon) fishery in central-southern Chile. Simulation results suggest that illegal fishing could generate a 21% increase in fishing...