This paper estimates a structural model of multiple-species harvesting costs in the easternGulf of Mexico reef fish fishery. The calibrated model is used to predict fleet size, vessellevelharvesting activity and fleet-wide revenues and costs that are expected under a proposedindividual fishing...

This paper uses a semi-parametric empirical model to estimate the economic benefitsof adopting a property rights-based management program in the Gulf of Mexico grouperfishery. The analysis predicts that a rights-based fleet will be comprised of fewer, morecost efficient boats than under the...

...Angesichts der Tatsache, dass die beiden "Autonationen" älter werden,liegt es auf der Hand zu untersuchen, vor welche Herausforderungen dieAlterung der Bevölkerung die Automobilindustrie stellt.

This paper analyses the effects of discretionary fiscal policy by presenting new empiricalevidence for Germany within a structural vector autoregression (SVAR) framework. FollowingBlanchard and Perotti (2002), the SVAR model is identified by applying institutionalinformation. We find no...