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Journal of Bioeconomics

, Volume 13, Issue 2, pp 139–160 | Cite as

When is fish quota enforcement worth while? A study of the Northeast Arctic cod

  • Rögnvaldur HannessonEmail author
Article

Abstract

Many fish stocks are controlled by fish quotas divided among individual firms. Such quota regimes need an enforcement mechanism in order to be effective. Whether or not quota management regimes are worth while depends on whether the rents generated by such regimes cover their costs. Cost-efficient quota regimes would attain an optimal deterrence through minimal control and high fines, but in practice there are likely to be socially determined limits on how high fines could be set. We analyze these questions for the Northeast Arctic cod stock, using data on enforcement of Norwegian fish quotas.

Keywords

Fisheries enforcement Overfishing Fish quotas Northeast Arctic cod Fisheries management 

JEL Classification

Q22 Q28 

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Copyright information

© Springer Science+Business Media, LLC. 2011

Authors and Affiliations

  1. 1.The Norwegian School of Economics and Business AdministrationBergenNorway

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