The main objective in this project is to provide models for empirical specification of fishermen behaviour under regulatory systems based on Individual Vessel Quotas (IVQ). This is important because the fisher's incentives under these management systems are substantially different from what they are under traditional management systems. In particular, under these systems, quantity landed is not a choice variable for the fishermen.
A cost function rather than a profit function approach should therefore be used. However, a number of measures of fishermen behaviour have been developed in relation to profit functions. We will derive similar measures in a cost function context. The approach will be used empirically to analyse and compare Danish, Icelandic, Norwegian and Swedish fisheries where IVQ, both transferable and non transferable, have been implemented. The project will be organised in 7 workpackages (WP).
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