1.8. a. Why did the fish catch increase in New Zealand after the amount that each fi...

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1.8.

a. Why did the fish catch increase in New Zealand after the amount that each fi sherman could catch was limited by a quota?

b. Given your answer to part

a, would an individual fisherman in New Zealand want to catch more fish than he's allowed, ifhe knew no one would ever catch him?

c. So given your answer to part

b, does the New Zealand system depend on govern ment enforcement to work, or will indi vidual fishermen agree out of self-interest to abide by the ITQ?

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Modern Principles Microeconomics

ISBN: 9781429239998

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Nov 16, 2024 07:00 AM

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1.8. a. Why did the fish catch increase in New Zealand after the amount that each fi...

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Modern Principles Microeconomics

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