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Credit Markets, Property Rights, and the Commons
Noack, Frederik; Costello, Christopher J. - National Bureau of Economic Research - 2022
security of property rights. We test these predictions using data on global fisheries, credit markets, and the largest …
Persistent link: https://www.econbiz.de/10013172188
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Overcoming the common pool problem through voluntary cooperation : the rise and fall of a fishery cooperative
Deacon, Robert T. - 2010
We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves … the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an …
Persistent link: https://www.econbiz.de/10012462317
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Optimal Harvest with Multiple Fishing Zones, Endogenous Price and Global Uncertainty
Pizarro, Jose; Schwartz, Eduardo S. - National Bureau of Economic Research - 2021
The literature on the optimal harvest of fisheries has concentrated on a single fishing area with biomass uncertainty …
Persistent link: https://www.econbiz.de/10012510611
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Property Rights, Regulatory Capture, and Exploitation of Natural Resources
Costello, Christopher - 2015
economically efficient extraction paths - is tested empirically with a novel panel data set from global fisheries. Exploiting the …
Persistent link: https://www.econbiz.de/10012457807
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Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management
Anderson, Terry L. - 2010
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
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Non-Parametric Tests of the Tragedy of the Commons
Banzhaf, H. Spencer - 2019
Extending recent results in the industrial organization literature (Carvajal et al. 2013), we de-rive non-parametric tests of behavior consistent with the tragedy of the commons model. Our approach derives testable implications of such behavior under any arbitrarily concave, differentiable...
Persistent link: https://www.econbiz.de/10012480342
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Preserving the Ocean Circulation : Implications for Climate Policy
Keller, Klaus - 2000
Climate modelers have recognized the possibility of abrupt climate changes caused by a reorganization of the North Atlantic's current pattern (technically known as a thermohaline circulation collapse). This circulation system now warms north-western Europe and transports carbon dioxide to the...
Persistent link: https://www.econbiz.de/10012471300
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First Cabin Fares from New York to the British Isles, 1826-1914
Dupont, Brandon - 2016
We present a continuous time series on first cabin passenger fares for ocean travel from New York to the British Isles covering nearly a century of time. We discuss the conceptual and empirical difficulties of constructing such a time series, and examine the reasons for differences between the...
Persistent link: https://www.econbiz.de/10012456251
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The Valuation of Fisheries Rights : A Real Options Approach
Pizarro, Jose - 2018
Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by … fisheries to optimally adapt their harvesting strategy to changing conditions in these stochastic variables. The model also … features realistic operational cash flows and fisheries can shutdown and reopen operations. Using publicly available data on …
Persistent link: https://www.econbiz.de/10012480792
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Trade, Competitive Exclusion, and the Slow-Motion Extinction of the Southern Resident Killer Whales
Taylor, Michael Scott - National Bureau of Economic Research - 2021
Orcinus Orca is the world's largest predator, and simultaneously a significant tourist asset and cultural icon for much of the Pacific Northwest. In the past two decades, the Southern Resident Killer whales (SRKW) have declined by more than 25 percent, and this population appears on a...
Persistent link: https://www.econbiz.de/10012599304