Regulating Multiple Externalities: The Case of Nordic Fisheries.
In: Marine Resource Economics, Jg. 31 (2016-04-01), Heft 2, S. 233-257
Online
academicJournal
Zugriff:
Open access is a well-known externality problem in fisheries causing excess capacity and overfishing. Due to global warming, externality problems from CO2 emissions have gained increased interest. With two externality problems, a first-best optimum can be achieved by using two regulatory instruments. However, solving the open-access externality problem also affects CO2 emissions. By using a bio-economic model covering Iceland, Norway, Denmark, Sweden, and the Faroe Islands, it is shown that regulations of the openaccess externality problem have a large effect on both economic performance and CO2 emissions, while an additional CO2 regulation only has minor effects. The second-best solution achieved by only regulating open access reduces emissions by approximately 50% compared to current fisheries, with the exception of Iceland, which already has a well-developed fisheries management system. [ABSTRACT FROM AUTHOR]
Titel: |
Regulating Multiple Externalities: The Case of Nordic Fisheries.
|
---|---|
Autor/in / Beteiligte Person: | Waldo, Staffan ; Jensen, Frank ; Nielsen, Max ; Ellefsen, Hans ; Hallgrimsson, Jónas ; Hammarlund, Cecilia ; Hermansen, Øystein ; Isaksen, John |
Link: | |
Zeitschrift: | Marine Resource Economics, Jg. 31 (2016-04-01), Heft 2, S. 233-257 |
Veröffentlichung: | 2016 |
Medientyp: | academicJournal |
ISSN: | 0738-1360 (print) |
DOI: | 10.1086/685286 |
Schlagwort: |
|
Sonstiges: |
|