An Economic Incentive Scheme as a Solution to Compliance Problems Associated with Illegal Landings within a TAC System
By Niels Vestergaard
ABSTRACT
In this paper an economic incentive scheme as a solution to compliance problems associated with illegal landings within a total allowable catch system (TAC system) is presented. The incentive scheme should be seen as an alternative to a control policy. Rough estimates from a simulation study suggest that the incentive scheme is potentially useful. The incentive scheme has also potential application as an instrument to the solution of by-catch and discard problems in TAC systems.
KEYWORDS: Incentives, fisheries, compliance, private information
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