American Economic Journal: Economic Policy
no. 4, November 2023
This paper establishes that a targeted policy backfires because it reveals information about nontargeted units. In the world's largest fishery, the regulator attempts to reduce the harvesting of juvenile fish by temporarily closing areas where the share of juvenile catch is high. By combining administrative microdata with biologically richer data from fishing firms, I isolate variation in closures that is due to the regulator's lower-resolution data. I estimate substantial temporal and spatial spillovers from closures. Closures increase total juvenile catch by 48 percent because closure announcements implicitly signal that fishing before, just outside, and after closures is high productivity.
"Information and Spillovers from Targeting Policy in Peru's Anchoveta Fishery."
American Economic Journal: Economic Policy,
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Renewable Resources and Conservation: Demand and Supply; Prices
Renewable Resources and Conservation: Fishery; Aquaculture
Renewable Resources and Conservation: Government Policy