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The Valuation of Fisheries Rights : A Real Options Approach
Pizarro, Jose - 2018
Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by … fisheries to optimally adapt their harvesting strategy to changing conditions in these stochastic variables. The model also … features realistic operational cash flows and fisheries can shutdown and reopen operations. Using publicly available data on …
Persistent link: https://www.econbiz.de/10012480792
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Were Trade and Factor Mobility Substitutes in History?
Collins, William J. - 1997
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10012472755
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The Rate of Return on Everything, 1870–2015
Jordà, Òscar - 2017
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10012453601
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The Consumption Response to Seasonal Income : Evidence from Japanese Public Pension Benefits
Stephens, Melvin, Jr - 2010
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10012462314
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The Changing Role of Government in Financing Health Care : An International Perspective
Stabile, Mark - 2013
This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...
Persistent link: https://www.econbiz.de/10012459221
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Non-Parametric Tests of the Tragedy of the Commons
Banzhaf, H. Spencer - 2019
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/10012480342
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Coasean Approaches to Ending Overfishing : Bigeye Tuna Conservation in the Western and Central Pacific Ocean
Ovando, Daniel - 2020
existing stalemates in this and other fisheries, consideration of Coasean-style approaches is warranted …
Persistent link: https://www.econbiz.de/10012481104
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Big Fish in Thin Markets : Competing with the Middlemen to Increase Market Access in the Amazon
Bartkus, Viva Ona; Brooks, Wyatt; Kaboski, Joseph Paul; … - National Bureau of Economic Research - 2021
Middlemen are ubiquitous in supply chains. In developing countries they help bring products from remote communities to end markets but may exert strong market power. We study a cooperative intervention which organizes together poor fishing communities in the Amazon -- one of the poorest and most...
Persistent link: https://www.econbiz.de/10012629441
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Overcoming the common pool problem through voluntary cooperation : the rise and fall of a fishery cooperative
Deacon, Robert T. - 2010
We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an overall catch quota to a voluntary cooperative, with the...
Persistent link: https://www.econbiz.de/10012462317
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The Value of Secure Property Rights : Evidence from Global Fisheries
Grainger, Corbett A. - 2011
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/10012461639