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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 …
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We provide a framework for evaluating potential effects of introducing tradable quotas to a sector. The effects depend on the economies of scale and scope of the production technology, and on firms' ability and willingness to learn best practice methods (catching up) and to change their input...
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The existing fisheries economics literature analyzes compliance problems by treating the fishing firm as one cohesive … fisheries policy. We show that without wage frictions, it does not matter whom is held liable. However, under the commonly used …
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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/10009129821
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