Marine ecosystem considerations and second-best management

Nicolas Querou and Agnes Tomini

Working Papers from LAMETA, Universtiy of Montpellier

Abstract: Since existing regulatory schemes are often suboptimal, we compare the performance of several second-best control rules implemented on multi-species fisheries in terms of their effect on biodiversity and on effort transfer. We show how these effects depend on the economic returns and on the type of ecological interaction considered. We highlight speciffically that fishing effort is not necessarily reallocated from regulated to unregulated sectors, and that the shape of second-best effcient instruments (tax versus subsidy) may differ drastically depending on the nature of the interaction.

Pages: 25 pages
Date: 2015-03, Revised 2015-03
New Economics Papers: this item is included in nep-agr and nep-env
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http://www.lameta.univ-montp1.fr/Documents/DR2015-05.pdf Revised version, 2015 (application/pdf)
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Related works:
Journal Article: Marine Ecosystem Considerations and Second-Best Management (2018)
Working Paper: Marine ecosystem considerations and second-best management (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:lam:wpaper:15-05

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