Hansen, Lars Gårn; Jensen, Frank - Institut for Fødevare- og Ressourceøkonomi, … - 2013
Weitzman (2002) studies the regulation of a fishery characterised by constant marginal harvest costs and shows that … function (ecological uncertainty). Here, we initially illustrate that this result does not generalise to a search fishery …, where marginal costs are allowed to depend on harvest. Hansen et al (2008) study a fishery where non-compliance with …