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Overcoming the Common Pool Problem Through Voluntary Cooperation : The Rise and Fall of a Fishery Cooperative
Deacon, Robert - 2010
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10013138469
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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
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State Versus Private Ownership
Shleifer, Andrei - 2021
Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...
Persistent link: https://www.econbiz.de/10013239155
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Trade, Tragedy, and the Commons
Copeland, Brian R.; Taylor, M. Scott - 2021
We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is … at any world price, have zero rents and suffer from the tragedy of the commons. Ostrom economies exhibit de facto open …
Persistent link: https://www.econbiz.de/10013247854
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Bridging vs. Bonding Social Capital and the Management of Common Pool Resources
Baylis, Kathy - 2013
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical...
Persistent link: https://www.econbiz.de/10013079595
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Elephants
Kremer, Michael; Morcom, Charles - 2022
Existing models of open-access resources are applicable to non-storable resources, such as fish. Many open-access resources, however, are used to produce storable goods. Elephants, rhinos, and tigers are three prominent examples. Anticipated future scarcity of these resources will increase...
Persistent link: https://www.econbiz.de/10014106205
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Rationing the Commons
Ryan, Nicholas; Sudarshan, Anant - 2022
Common resources may be managed with inefficient policies for the sake of equity. We study how rationing the commons …
Persistent link: https://www.econbiz.de/10013308483
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Empirical Patterns of Firm Growth and R&D Investment : a Quuality Laddermodel Interpretation
Klette, Tor Jakob - 2011
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …
Persistent link: https://www.econbiz.de/10013127899
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Fiscal Policies, Capital Formation, and Capitalism
Feldstein, Martin S. - 2011
technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …
Persistent link: https://www.econbiz.de/10013118689
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Payout Taxes and the Allocation of Investment
Becker, Bo - 2011
taxes may thus change the investment behavior of firms. Using an international panel with many changes in payout taxes, we … show that this prediction holds well. Payout taxes have a large impact on the dynamics of corporate investment and growth …. Investment is "locked in" in profitable firms when payout is heavily taxed. Thus, apart from any aggregate effects, payout taxes …
Persistent link: https://www.econbiz.de/10013119783