A corporate-crime perspective on fisheries: liability rules and non-compliance

摘要: The existing fisheries economics literature analyzes compliance problems by treating the fishing firm as one cohesive unit, but in many cases violations are committed agents acting on behalf of a firm. To account for this, we analyze principal–agent relationship within In case where directly benefits from illegal fishing, must induce its crew to violate regulations through incentive scheme. Within this framework, how allocation liability between firms and affects quota ability design socially efficient policy. We show that without wage frictions, it does not matter who is held liable. However, under commonly used share systems remuneration, generally yields more outcome than liability. Furthermore, asset restrictions may affect various rules.