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Table 3

Scenarios I–V and their different subsidy levels.

Scenario Fisheries management Subsidies
I Current Current: fuel-tax exemptions, grants, general services
II Optimal (MEY) Current: fuel-tax exemptions, grants, general services
III Optimal (MEY) General services (removing fuel tax exemption subsidies and grants)
IV Optimal (MEY) No subsidies
V Optimal (MEY) Double current subsidies

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