Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/83065 
Year of Publication: 
2000
Series/Report no.: 
IME Working Paper No. 9
Publisher: 
University of Southern Denmark, Department of Environmental and Business Economics (IME), Esbjerg
Abstract: 
This paper treats illegal landings as a moral hazard problem that arises, since individual catches are unobservable to society and hence private information. A tax/subsidy mechanism taking into account the asymmetric information problem is formulated as a solution to problems with illegal landings. The incentive scheme uses fish stock size as the tax variable, and can 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 also has potential application as an instrument to the solution of by-catch and discard problems.
Document Type: 
Working Paper
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