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Article: New agricultural economics research has been reported by L.G. Hansen et al.
- Article from:
- Agriculture Week
- Article date:
- November 27, 2008
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"Noncompliance is an important problem for fisheries regulators, and a number of studies have considered optimal enforcement issues within fisheries regulation," scientists writing in the American Journal of Agricultural Economics report.
"Our article extends this literature by studying the implications of noncompliance for the choice between tax and quota regulation. We first develop a general stock-recruitment model of a search fishery with illegal landings and show that compliance uncertainty (where the regulator is uncertain about the extent of noncompliance) generates an efficiency advantage for taxes over individual transferable quotas," wrote L.G. Hansen ...