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 …

this rubric, we discuss research in two areas: those that inform i) benefit cost analysis and ii) conservation of resources …

Bigeye tuna in the Western and Central Pacific Ocean were perceived as overfished for nearly 20 years, in large part … existing stalemates in this and other fisheries, consideration of Coasean-style approaches is warranted …

economically efficient extraction paths - is tested empirically with a novel panel data set from global fisheries. Exploiting the …

and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research … governance project. Each of the papers represents state-of-the-art research in an important area of corporate governance research …

Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more … established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the … invention process promotes technological progress. The gains from pursuing such innovative research paths may, however, be very …