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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/10013136355

Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative

Deacon, Robert - 2010

the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an … independently. Data from an Alaska commercial salmon fishery confirm our model's key predictions, that the co-op would facilitate … the co-op's demise, an outcome also predicted by our model. Our analysis provides guidance for designing fishery reform …

Persistent link: https://www.econbiz.de/10013138469

The Value of Secure Property Rights : Evidence from Global Fisheries

Grainger, Corbett A. - 2011

Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...

Persistent link: https://www.econbiz.de/10013125578

Non-Parametric Tests of the Tragedy of the Commons

Banzhaf, H. Spencer - 2019

that rejection rates of the model increase after property rights reforms moved the fishery away from the tragedy of the …

Persistent link: https://www.econbiz.de/10012860448

Using Field Experiments in Environmental and Resource Economics

List, John A. - 2013

This study showcases the usefulness of field experiments to the study of environmental and resource economics. Our focus pertains to work related to field experiments in the area of 'behavioral' environmental and resource economics. Within this rubric, we discuss research in two areas: those...

Persistent link: https://www.econbiz.de/10013077961

Coasean Approaches to Ending Overfishing : Bigeye Tuna Conservation in the Western and Central Pacific Ocean

Ovando, Daniel; Libecap, Gary; Millage, Katherine; … - 2022

due to incidental catch in the much larger skipjack tuna fishery. Efforts to halt the overfishing of bigeye stalled due to …

Persistent link: https://www.econbiz.de/10014093797

Property Rights, Regulatory Capture, and Exploitation of Natural Resources

Costello, Christopher - 2015

We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...

Persistent link: https://www.econbiz.de/10013030066