A principal-agent analysis of fisheries

被引：16

作者：

Jensen, F ^{[1
]}

Vestergaard, N ^{[1
]}

机构：

[1] Univ So Denmark, Dept Environm & Business Econ, DK-6700 Esbjerg, Denmark

来源：

JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT | 2002年 / 158卷 / 02期

关键词：

D O I：

10.1628/0932456022975376

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Very little principal-agent analysis has been done within the fisheries economic literature. This paper conducts a principal-agent analysis of fisheries. Within a standard principal-agent model, the low-cost agent must be allowed the same level of effort as under complete information. This conclusion does not hold for fisheries, because of a resource restriction and the fact that maximisation takes place over two variables. By means of comparative-static analysis. this paper argues that the low-cost agent must be allowed a larger effort than under complete information.

引用

页码：276 / 285

页数：10

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