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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/10013136355
economically efficient extraction paths - is tested empirically with a novel panel data set from global fisheries. Exploiting the …
Persistent link: https://www.econbiz.de/10013030066
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set … the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish …
Persistent link: https://www.econbiz.de/10013039486
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set … the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish …
Persistent link: https://www.econbiz.de/10014046479
We exploit variation in the composition of local fish catches around the time of birth using administrative and census … the causal effects of early-life consumption of methylmercury (MeHg) and DHA, elements contained in fish, on cognitive … development. Using an IV strategy based on an equilibrium model of fish supply that exploits time-series variation in oceanic SST …
Persistent link: https://www.econbiz.de/10013299204
estimates of average derivatives in a simultaneous equations model. These ideas are illustrated using data from the Fulton Fish … market in New York City to estimate an average elasticity of wholesale demand for fresh fish. The weighting function …
Persistent link: https://www.econbiz.de/10013310025
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
these property rights varies substantially owing to differences in design. In fisheries, the design of individual … property rights lead to higher asset values and lower dividend price ratios in ITQ fisheries. This pecuniary effect of property …
Persistent link: https://www.econbiz.de/10013125578
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/10012860448
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