Cap-and-trade bycatch management with costly avoidance and stock uncertainty

Citation
Singh R, Weninger Q (2014) Cap-and-trade bycatch management with costly avoidance and stock uncertainty. Iowa State University, Iowa USA
Abstract

We develop a model stochastic fish harvesting technology that incorporates sea-turtle bycatch. In the model, turtle bycatch can be reduced at the cost of sacrificing fish harvest. We examine harvesting behaviour, at-sea discards and bio-economic performance under various forms of quota-based fishing regulations.