After being in force ten and seven years respectively, the tradable fishing quota programs for red snapper and grouper-tilefish in the Gulf of Mexico have so far failed to bring about the expected reduction of the active fleet size and shedding of overcapacity. With the help of a microeconomic...

Renewable portfolio standards (RPS) are the most popular U.S. state-level policies for promoting deployment of renewable electricity (RES-E). While several econometric studies have estimated the effect of RPS on in-state RES-E deployment, results are contradictory. We reconcile these studies and...