We introduce ex-ante collusion whereby the supervisor stops monitoring for a transfer payment from the agent, in addition to ex-post collusion following the monitoring outcome. Extending a well-known model of hierarchy, we study the determinants of ex-ante collusion and show that, depending on...

In this paper, we provide a general background on the latest EU fisheries reform process and analyze the potential effects of rights based management systems on EU fisheries. In the latest reform process, the much debated topic was related to Transferable Fishing Concessions, TFCs. This type of...

Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission set the goal of achieving MSY for all European fisheries by 2015. Besides, the European Commission agreed on...

One of the main goals stated in the proposals for the Common Fisheries Policy (CFP) reform is achieving maximum sustainable yield (MSY) for all European fisheries by 2015. In this paper, we consider the mechanism design problem for allocation of fishing rights to achieve MSY harvesting...

Abstract This paper shows that the core outcomes of the assignment game coincides with the set of fixed points of a certain function. The lattice property of the core, as well as its non-emptiness, are proved using Tarski's fixed point theorem.

Two of the primary issues of the next Common Fisheries Policy (CFP) reform are maximum sustainable yield (MSY) and transferable fishing concessions (TFCs). The European Commission agreed on implementing TFCs under some major principles including reserving a part of total quotas for small-scale...