| Abstract |
In most fisheries catch per unit effort shows significant seasonal and spatial variation. Traditionally, i.e. when vessels are free to choose their harvesting strategy, 80% of the Norwegian cod is landed during the winter in a limited geographical area. To alter the seasonal and spatial supply of cod to the fish processing industry, rural community quotas were introduced. In this paper, we develop a model to predict how different vessels will adapt to the quotas introduced. The hypotheses developed are mostly confirmed in an empirical study. Theoretical, methodological, and managerial implications of the findings are discussed. |