Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/83078 
Year of Publication: 
2004
Series/Report no.: 
IME Working Paper No. 54
Publisher: 
University of Southern Denmark, Department of Environmental and Business Economics (IME), Esbjerg
Abstract: 
Within fisheries it is well-known that several market failures exist. However, fisheries economists analyse these market failures separately despite the fact that the market failures arise simultaneously. In this paper several market fail-ures that arise simultaneously are analysed. A resource stock tax and a tax on self-reported harvest are considered as a solution to problems associated with the stock externality, measuring individual catches and stock uncertainty. Within a fisheries economic model it is shown that it will be in the interest of risk-averse fishermen to report a part of their catch even without a control pol-icy. In addition, it is shown that this tax structure can secure optimal expected individual catches and simulations show that the tax payment is very low. Thus, the tax system may be useful in practical fisheries management.
Subjects: 
Prices regulation
Quantity regulation
Asymmetric Information
Self-Reporting
Stock Tax and Harvest Tax
JEL: 
Q22
K4
L51
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
935.85 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.