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Stakeholder Influence and Optimal Regulations: A Common-Agency Analysis of Ecosystem-Based Fisheries Regulations
(Journal article; Tidsskriftartikkel; Peer reviewed, 2013)
One aspect of ecosystem-based management is to include new stakeholders. When an environmental NGO (ENGO) gets a say in the fisheries management, this will affect the authorities' optimal regulation. Combining a principal-agent model and a steady-state bioeconomic model, we show that under symmetric information the authorities will moderate their use of regulation as a response to the ENGO's increased ...