Fisheries Management under Uncertainty Using a Convex Tax

Helge Berglann

Marine Resource Economics, 2023, vol. 38, issue 1, 47 - 64

Abstract: This article considers the use of convex taxation as an instrument to regulate fisheries, comparing it with linear taxation with regards to economic yields and the risk of resource depletion. Convex taxation is shown to be central in studies with static models but has rarely been explored in the context of dynamic fisheries. Literature shows that a linear tax regime is superior to quantity regulation when the stock estimate is uncertain in terms of economic gains and its ability to prevent resource extinction. Furthermore, when cost uncertainty is involved, a strictly convex tax on landings can prove even more efficient. A numerical example with a single-species demersal fishery having both ecological and economic uncertainty demonstrates the gain in value of moving from a linear to a strictly convex tax.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/722422 (application/pdf)
http://dx.doi.org/10.1086/722422 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:mresec:doi:10.1086/722422

Access Statistics for this article

More articles in Marine Resource Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().