Similar Search Results

Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management

Anderson, Terry L. - 2010

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/10012462138

Input Subsidies and the Destruction of Natural Capital : Chinese Distant Water Fishing

Englander, Gabriel; Zhang, Jihua; Villaseñor-Derbez, … - National Bureau of Economic Research - 2023

Input subsidies in natural resource sectors are widely believed to cause depletion of the natural capital on which those sectors rely. But identification and data challenges have stymied attempts to empirically estimate the causal effect of subsidies on resource extraction. China's fishing fleet...

Persistent link: https://www.econbiz.de/10014247928

Pricing the Priceless : The Financial Cost of Biodiversity Conservation

Chen, Fukang; Chen, Minhao; Cong, Lin William; Gao, Haoyu; … - National Bureau of Economic Research - 2024

The pace of biodiversity loss requires drastic shifts in conservation efforts that carry substantial costs. We … initiative launched by the Chinese central government in 2017 to enforce biodiversity preservation rules in national nature … reserves. We document that, while improving local biodiversity, the initiative led to a significant increase in bond yields for …

Persistent link: https://www.econbiz.de/10014635706

Property Rights, Regulatory Capture, and Exploitation of Natural Resources

Costello, Christopher - 2015

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

Persistent link: https://www.econbiz.de/10012457807

Using Field Experiments in Environmental and Resource Economics

List, John A. - 2013

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/10012459372

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

Geography, Policy, or Productivity? Regional Trade in five South American Countries, 1910-1950

Badia-Miró, Marc - 2014

Regional trade in South America since independence has long been much smaller than would be expected if geography were the only constraint on trade. Several potential explanations exist: low technological and demand complementarities; low productivity; high natural and policy barriers to trade....

Persistent link: https://www.econbiz.de/10012457876

A Supply Curve for Forest-Based CO₂ Removal

Franklin, Sergio Luis; Pindyck, Robert S. - National Bureau of Economic Research - 2024

Forestation is viewed as an important means of removing CO₂ from the atmosphere and thereby reducing net CO₂ emissions. But how much CO₂ can be removed, and at what cost? Focusing on forested and forestable areas in South America, and using spatially disaggregated data, we estimate a...

Persistent link: https://www.econbiz.de/10014512061

A Biological Model of Unions

Kremer, Michael - 2001

This paper applies principles from evolutionary biology to the study of unions. We show that unions which maximize the present discounted wages of current members will be displaced in evolutionary competition by unions with more moderate wage policies that allow their firms to live longer. This...

Persistent link: https://www.econbiz.de/10012470467

Credit Markets, Property Rights, and the Commons

Noack, Frederik; Costello, Christopher J. - National Bureau of Economic Research - 2022

security of property rights. We test these predictions using data on global fisheries, credit markets, and the largest …

Persistent link: https://www.econbiz.de/10013172188