We study the evolution of compliance and regulation of a renewable common pool resource, a fishery in particular, with appropriators whose decision on whether to comply or not with harvesting quotas is the result of imitation described by a proportional rule. The regulator first sets the optimal quota and then harvesters can choose between compliance and violation. We investigate myopic regulation and optimal regulation regimes with a proportional fine and an endogenized probability of audit. The outcome of regulation is characterized in terms of monomorphic and polymorphic steady states with respect to compliance. Using numerical simulations stability properties are examined, and sensitivity analysis explores the effect of various parameters on polymorphic steady-state outcomes.

Resource harvesting regulation and enforcement: An evolutionary approach

Xepapadeas, Anastasios
2017

Abstract

We study the evolution of compliance and regulation of a renewable common pool resource, a fishery in particular, with appropriators whose decision on whether to comply or not with harvesting quotas is the result of imitation described by a proportional rule. The regulator first sets the optimal quota and then harvesters can choose between compliance and violation. We investigate myopic regulation and optimal regulation regimes with a proportional fine and an endogenized probability of audit. The outcome of regulation is characterized in terms of monomorphic and polymorphic steady states with respect to compliance. Using numerical simulations stability properties are examined, and sensitivity analysis explores the effect of various parameters on polymorphic steady-state outcomes.
2017
Petrohilos-Andrianos, Yannis*; Xepapadeas, Anastasios
File in questo prodotto:
Eventuali allegati, non sono esposti

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/666620
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 5
  • ???jsp.display-item.citation.isi??? 4
social impact