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Microeconomic Implications of Market-Based Fisheries Regulations in Marine Fisheries

Permanent Link: http://ncf.sobek.ufl.edu/NCFE003805/00001

Material Information

Title: Microeconomic Implications of Market-Based Fisheries Regulations in Marine Fisheries Balancing Equity and Compliance with Theoretical Results
Physical Description: Book
Language: English
Creator: Knight, Thomas
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2007
Publication Date: 2007

Subjects

Subjects / Keywords: Fishery
ITQ
Landing Fee
Compliance
Equity
Bioeconomics
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The first chapter of this thesis presents a brief history of fishing and the regulation of that practice. It demonstrates a growing concern for the deteriorating health of the world's fisheries and how this concern has resulted in the investigation of new ways to manage fishery resource extraction. It also discusses the open-access nature of many of the world's fisheries and the movement to close access beginning in the early 1980s. The second chapter of this thesis identifies the major trends in the academic economics literature on fishery management. It discusses the positive and negative effects of both ITQ systems and landing fees. It identifies two major problems with ITQs: a lack of scientific certainty necessary to set a TAC accurately on which quota allocations are based and the inequities arising from quota allocations and consolidation. It is shown that landing fees could solve both of these problems. Landing fees can be adjusted easily with new scientific information, and they do not directly restrict fishing by any actors. However, they do not address such open-access externalities as the derby fishery. The third chapter offers the analytical foundations of fishery economics based on the Gordon-Schaefer Model. Using these analytical tools, the fourth chapter of this thesis determines the effects of ITQs, a lump sum tax, a per unit of effort tax, and a per unit of output tax through mathematical derivations and graphical demonstrations. The fifth chapter of this thesis argues for the need to incorporate a relaxation of the compliance assumption in economic analyses of fishery regulation. In relaxing that assumption, it becomes crucial to identify the motivations for noncompliant behavior. While neoclassical economic theory argues that individual fishers choose not to comply if and only if such behavior is financially profitable, recent findings in behavioral economics have identified a strong influence of fairness over economic decisions. Thus, this thesis concludes with a firm stance that fairness must be incorporated into any applicable economic theory of fishery management. It also proposes a regulatory design that includes both ITQs and landing fee implementation.
Statement of Responsibility: by Thomas Knight
Thesis: Thesis (B.A.) -- New College of Florida, 2007
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Elliott, Catherine

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2007 K7
System ID: NCFE003805:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE003805/00001

Material Information

Title: Microeconomic Implications of Market-Based Fisheries Regulations in Marine Fisheries Balancing Equity and Compliance with Theoretical Results
Physical Description: Book
Language: English
Creator: Knight, Thomas
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2007
Publication Date: 2007

Subjects

Subjects / Keywords: Fishery
ITQ
Landing Fee
Compliance
Equity
Bioeconomics
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The first chapter of this thesis presents a brief history of fishing and the regulation of that practice. It demonstrates a growing concern for the deteriorating health of the world's fisheries and how this concern has resulted in the investigation of new ways to manage fishery resource extraction. It also discusses the open-access nature of many of the world's fisheries and the movement to close access beginning in the early 1980s. The second chapter of this thesis identifies the major trends in the academic economics literature on fishery management. It discusses the positive and negative effects of both ITQ systems and landing fees. It identifies two major problems with ITQs: a lack of scientific certainty necessary to set a TAC accurately on which quota allocations are based and the inequities arising from quota allocations and consolidation. It is shown that landing fees could solve both of these problems. Landing fees can be adjusted easily with new scientific information, and they do not directly restrict fishing by any actors. However, they do not address such open-access externalities as the derby fishery. The third chapter offers the analytical foundations of fishery economics based on the Gordon-Schaefer Model. Using these analytical tools, the fourth chapter of this thesis determines the effects of ITQs, a lump sum tax, a per unit of effort tax, and a per unit of output tax through mathematical derivations and graphical demonstrations. The fifth chapter of this thesis argues for the need to incorporate a relaxation of the compliance assumption in economic analyses of fishery regulation. In relaxing that assumption, it becomes crucial to identify the motivations for noncompliant behavior. While neoclassical economic theory argues that individual fishers choose not to comply if and only if such behavior is financially profitable, recent findings in behavioral economics have identified a strong influence of fairness over economic decisions. Thus, this thesis concludes with a firm stance that fairness must be incorporated into any applicable economic theory of fishery management. It also proposes a regulatory design that includes both ITQs and landing fee implementation.
Statement of Responsibility: by Thomas Knight
Thesis: Thesis (B.A.) -- New College of Florida, 2007
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Elliott, Catherine

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2007 K7
System ID: NCFE003805:00001

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