A Dynamic Model of Mesh Size Regulatory Compliance
This paper employs a dynamic model for crimes that involve time and punishment to analyze the use of a net with illegal mesh size in a management regime where each community claims territorial use right over a fishery but has a discount rate that may differ from the social discount rate. The equilib...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
2010-04-01
|
| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/61059 |
| _version_ | 1819141344361185280 |
|---|---|
| author | Wisdom Akpalu |
| author_facet | Wisdom Akpalu |
| author_sort | Wisdom Akpalu |
| collection | DOAJ |
| description | This paper employs a dynamic model for crimes that involve time and punishment to analyze the use of a net with illegal mesh size in a management regime where each community claims territorial use right over a fishery but has a discount rate that may differ from the social discount rate. The equilibrium stock and harvest levels are found to be much lower if the regulation is violated. Moreover, the optimal penalty for violation must be decreasing in the shadow cost of taking the risk to fish illegally, and increasing the risk of punishment increases the equilibrium stock level. |
| first_indexed | 2024-12-22T11:52:58Z |
| format | Article |
| id | doaj.art-09536e8ac03d41448b1645ab8b75792c |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-22T11:52:58Z |
| publishDate | 2010-04-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-09536e8ac03d41448b1645ab8b75792c2022-12-21T18:26:55ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852010-04-01351345010.22004/ag.econ.6105961059A Dynamic Model of Mesh Size Regulatory ComplianceWisdom AkpaluThis paper employs a dynamic model for crimes that involve time and punishment to analyze the use of a net with illegal mesh size in a management regime where each community claims territorial use right over a fishery but has a discount rate that may differ from the social discount rate. The equilibrium stock and harvest levels are found to be much lower if the regulation is violated. Moreover, the optimal penalty for violation must be decreasing in the shadow cost of taking the risk to fish illegally, and increasing the risk of punishment increases the equilibrium stock level.https://ageconsearch.umn.edu/record/61059crimedynamic modelfisheryregulation |
| spellingShingle | Wisdom Akpalu A Dynamic Model of Mesh Size Regulatory Compliance Journal of Agricultural and Resource Economics crime dynamic model fishery regulation |
| title | A Dynamic Model of Mesh Size Regulatory Compliance |
| title_full | A Dynamic Model of Mesh Size Regulatory Compliance |
| title_fullStr | A Dynamic Model of Mesh Size Regulatory Compliance |
| title_full_unstemmed | A Dynamic Model of Mesh Size Regulatory Compliance |
| title_short | A Dynamic Model of Mesh Size Regulatory Compliance |
| title_sort | dynamic model of mesh size regulatory compliance |
| topic | crime dynamic model fishery regulation |
| url | https://ageconsearch.umn.edu/record/61059 |
| work_keys_str_mv | AT wisdomakpalu adynamicmodelofmeshsizeregulatorycompliance AT wisdomakpalu dynamicmodelofmeshsizeregulatorycompliance |