We explore the effects of different enforcement mechanisms, including formal (external), informal (local), and both together, on individual compliance behavior under a system of territorial use rights in fisheries (TURFs).

Using a series of laboratory economic experiments, we study the effect of information regarding the amount of the fine on the individual decision to violate an emission standard. Specifically, the analysis considers variations in the information available for the regulated subjects regarding the amount of the monetary sanction, as well as variations in the stringency in the inspection effort by the regulator.