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This empirical study examines welfare gains and losses that would result from alternative fishery management regimes. In an application to the North Sea demersal fisheries, the study shows that these fishery resources can give rise to large economic rent. Under an optimal management regime, the...
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regional income. Such a supposition evokes questions on the need of an accompanying compensatory regional policy and its … adequate design. I find that a case for regional policy cannot be denied, but that the EU largely overstates the need for such … a policy at EU level, and should abstain from direct structural interventions into regional economies. …
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