Ohler, Adrienne; Chouinard, Hayley; Yoder, Jonathan - In: Journal of Regulatory Economics 45 (2014) 3, pp. 281-304
The rights to use publicly-managed natural resources are sometimes distributed by lottery, and typically these rights … are nontransferable. Prohibition of post-lottery permit transfers discourages applicants from entering the lottery solely …, and characterize the economic/informational conditions under which post-lottery prohibitions on trade are likely to arise …
