what are the likely economic consequences of placing fishing quotas?
haszan_07 asked:
The European Fisheries policy palces quotas on each uk fishing boat, fishing in the northsea. The purpose of thipolicy is to conserve fishing stocks., What are the likely economic consequences of this policy and what assumptions does its effectiveness depend upon?
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The European Fisheries policy palces quotas on each uk fishing boat, fishing in the northsea. The purpose of thipolicy is to conserve fishing stocks., What are the likely economic consequences of this policy and what assumptions does its effectiveness depend upon?
December 12th, 2009 at 1:49 pm
Economic consequences:
Some fishing boats will go our of business. The price of certain fish will rise.
Assumptions:
The cause of dwindling fish reserves is due to over fishing (+/- ‘in the North Sea’).
There is not just a limit on the amount you can bring in with your boat but the total number of boats licensed.
The total quantity of fish caught if people stick to the policy will allow fish stocks to grow. This based on assumptions about current levels of fish stocks and their rate of growth.
Other EU nations as well as the UK will comply with the legislation. mince42