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...

This paper studies equilibrium search and learning in a dynamic shing gamethat is played by independent shermen and by members of an information sharingCooperative. Once collected, information about the location of productive sh-ing sites is an excludable public good. We show that independent...

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...