Tax Versus Quota Regulation: A Stochastic Model of the Fishery
在加拿大太平洋大比目鱼渔业的背景下，考虑增长、捕捞和需求的不确定性，发现税收仍是更优的管制工具，但使用个体船配额造成的福利损失较小。
Abstract In a deterministic setting, it has been demonstrated that taxes and quotas can be equivalent regulatory instruments and that both can in principle induce an optimal allocation of resources in markets where externalities are problematic. In this paper we consider growth, harvest, and demand uncertainty within the context of Canada's Pacific halibut fishery and find that, while taxes remain the preferred instrument, the welfare losses arising from the use of individual boat quotas are minor.