Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:06:46pm CEST (Norway)
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Daily Overview |
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Designing efficient policies: energy markets and renewable resources Location: Lab 2 Session Chair: Iivo Vehviläinen, Aalto University | |
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Heterogeneous Fleets and the Welfare Effects of Costless Fisheries Subsidies Universität Oldenburg, Germany Capacity-enhancing subsidies are known to jeopardize already shrinking fish stocks. International organizations such as the World Trade Organization (WTO) has been a pioneer in advocating policies to eliminate subsidies that lead to overfishing. On the other hand, subsidies can increase national income of a country by generating increased revenue in the fishing industry. Benefits from subsidies are enhanced, particularly when they are costless, meaning they arise from external funding or donations without direct fiscal burden. Overall, the direct and indirect effects of fisheries subsidies are still unclear, thus adding to policy challenges. This paper gives insights into welfare analysis of cost-reducing subsidies in an open-access setting, accounting for fleet heterogeneity in productivity. The results show that in the short run, subsidies may contribute positively to welfare. In the long run, subsidies may either increase or decrease welfare, depending on whether the steady-state stock fish stock exceeds or falls below Maximum Sustainable Yield (MSY) level respectively. | |