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We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not...
Persistent link: https://www.econbiz.de/10012462138
Input subsidies in natural resource sectors are widely believed to cause depletion of the natural capital on which those sectors rely. But identification and data challenges have stymied attempts to empirically estimate the causal effect of subsidies on resource extraction. China's fishing fleet...
Persistent link: https://www.econbiz.de/10014247928
Credit markets and property rights are fundamental for modern economies, but they also have implications for the commons. Using a dynamic model of competitive resource extraction, we show that improving property right security unambiguously increases conservation incentives, but the effect of...
Persistent link: https://www.econbiz.de/10013172188
Persistent link: https://www.econbiz.de/10000326015
and income histories from the Canada Student Loans Program (CSLP), income tax filings, and post-secondary schooling …
Persistent link: https://www.econbiz.de/10013477283
choice of immigrant founders, by leveraging the introduction of Canada's Start-up Visa Program in 2013. We demonstrate that … this immigration policy increased the likelihood that U.S.-based immigrants have a start-up in Canada by 69%. Our results … show that Asian immigrants (who have a higher representation in Canada than in the U.S.) are disproportionately more likely …
Persistent link: https://www.econbiz.de/10014337866
and acquisitions (M&As). Using firm balance sheet data linked to individual earnings data in Canada and a matched …
Persistent link: https://www.econbiz.de/10014436997
financial, organizational, and physical structures of the long-term care system. Unlike other OECD countries, Canada's system is … and regulating long-term care. We provide institutional and empirical details on the evolution and future of Canada's long …
Persistent link: https://www.econbiz.de/10014437006
In this paper we revisit the Canadian experience with floating exchange rates since 1950. Canada was a pioneer in … argued, Canada's floating exchange rate provided it with a modicum of insulation from external shocks, especially commodity …
Persistent link: https://www.econbiz.de/10014372411
For nearly three centuries, Indigenous peoples within the borders of present-day Canada engaged in treaty-making with …
Persistent link: https://www.econbiz.de/10014372470