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Information and Spillovers from Targeting Policy in Peru's Anchoveta Fishery (Английский)

This paper establishes that a targeted policy backfires because it reveals information about non-targeted 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, the analysis isolates variation in closures that is due to the regulator’s...
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