Restoring a Fish Stock: A Dynamic Bankruptcy Problem
Total Allowable Catch (TAC) regulating schemes have been introduced in most fisheries. TAC distribution following the Proportional rule, based on historical catches, implies that harvesters, or vessel groups, who have captured more in the past and contributed to overfishing are getting greater quota...
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Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.524.3374 http://www.iamz.ciheam.org/GTP2006/FinalpapersGTP2006/18final.pdf |