Modelling Enforcement and Compliance in Fisheries: A Survey
International Journal of Finance, Insurance and Risk Management, Volume 3, Issue 2, 464, 2013
Abstract:
Monitoring and enforcement considerations have been largely ignored in the study of fishery management. This paper discusses this issue with a formal model to show the impacts of costly, imperfect enforcement of law on the behaviour of fishing firms and fisheries management. Theoretical analysis combines a standard bio-economic model of fisheries (Gordon/Schaefer) with Becker’s theory of Crime and Punishment.