On open access and optimal landings tax

On open access and optimal landings tax This paper develops two types of simple models on the dynamic interaction between the stock of fish and the effort expended by fishers: continuous-time/discrete-time models in which a landings tax is incorporated as a control variable available to the management authority. The continuous-time model can describe several ideal options of the optimal tax program; however, unfortunately, it is incapable of choosing the best option. Hence, using the alternative tractable discrete-time model and a computational method, the remaining task of determining a unique optimal tax program is accomplished. The fishery thus managed exhibits a regulated open access. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Reviews in Fish Biology and Fisheries Springer Journals

On open access and optimal landings tax

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Publisher
Springer Netherlands
Copyright
Copyright © 2006 by Springer Science+Business Media B.V.
Subject
Life Sciences; Zoology ; Freshwater & Marine Ecology
ISSN
0960-3166
eISSN
1573-5184
D.O.I.
10.1007/s11160-006-9007-9
Publisher site
See Article on Publisher Site

Abstract

This paper develops two types of simple models on the dynamic interaction between the stock of fish and the effort expended by fishers: continuous-time/discrete-time models in which a landings tax is incorporated as a control variable available to the management authority. The continuous-time model can describe several ideal options of the optimal tax program; however, unfortunately, it is incapable of choosing the best option. Hence, using the alternative tractable discrete-time model and a computational method, the remaining task of determining a unique optimal tax program is accomplished. The fishery thus managed exhibits a regulated open access.

Journal

Reviews in Fish Biology and FisheriesSpringer Journals

Published: Aug 9, 2006

References

  • Optimal capital accumulation in a fishery: a nonlinear irreversible investment model
    Boyce, JR

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