Deacon, Robert T.; Parker, Dominic P.; Costello, Christopher - In: Journal of Law and Economics 56 (2013) 1, pp. 83-83
We analyze a policy experiment in an Alaskan commercial fishery that assigned a portion of an overall catch quota to a voluntary co-op, with the remainder exploited competitively by those choosing to fish independently. Unlike the individual quota system advocated by many economists, the policy...