Congestion can reduce the value of a fishery, resulting in a lower total catch for the same amount of labor, fuel, and equipment expended in fishing activities. Absent the congestion externality, better information about the location and size of fish stocks enables fishers to make more efficient decisions. However, more precise information can cause fishers to converge on the same location or increase fishing at the same time. The cost of the resulting...
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INFORMATION
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2023/08/10
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Document de travail de recherche sur les politiques
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WPS10543
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1
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2023/08/10
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Disclosed
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The Value of Information in a Congested Fishery