Showing 1 - 10 of 453
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
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
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
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
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
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
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
-controlled migration, distinguishing between source developing and developed countries. We utilize free-movement within the EU to examine … the free migration regime and compare that to immigration into the EU from two other groups, developed and developing …
Persistent link: https://www.econbiz.de/10013129125
This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
Persistent link: https://www.econbiz.de/10013130253
We examine the capital-market effects of changes in securities regulation in the European Union (EU) aimed at reducing … market abuse and increasing transparency. To estimate causal effects for the population of EU firms, we exploit that for … plausibly exogenous reasons, like national legislative procedures, EU countries adopted these directives at different times. We …
Persistent link: https://www.econbiz.de/10013130969