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The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of … distribution of permits. Interestingly, a fixed tax enhances efficiency compared to the case of no fees, while retraction and … reallocation by auction reduces efficiency compared to both alternative treatments. Apparently, subjects' decision making is …
Persistent link: https://www.econbiz.de/10014209585
Persistent link: https://www.econbiz.de/10008776721
This essay reviews the implementation experience with three main applications of tradable permit systems: air pollution control, water supply and fisheries management. Opening with a brief summary of the theory behind these programs and both the economic and environmental consequences...
Persistent link: https://www.econbiz.de/10011335705
This essay reviews the implementation experience with three main applications of tradable permit systems: air pollution control, water supply and fisheries management. Opening with a brief summary of the theory behind these programs and both the economic and environmental consequences...
Persistent link: https://www.econbiz.de/10011596945
This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate in the fishery is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may...
Persistent link: https://www.econbiz.de/10014163832
The Klamath River, draining some 12,000 square miles in southern Oregon and northern California, was once the third largest salmon stream on the West Coast, the life force of Native Americans. The river runs 263 miles from headwaters in Oregon and flows through the Cascades to the Pacific Ocean...
Persistent link: https://www.econbiz.de/10013293110
This article explains the numerous environmental protections contained in an unlikely statute, the Federal Power Act, first enacted in 1920. Federally licensed hydropower projects are often the largest influences on streamflows in watersheds, so making the projects environmentally compatible is...
Persistent link: https://www.econbiz.de/10014120291
Since the 2008/2009 global food crisis. The demand for lands in developing countries by multinational and national corporations increased. However, the impacts of large scale land acquisitions on local communities in developing countries are quite are adverse. Yet many of the atrocities...
Persistent link: https://www.econbiz.de/10014082418
Pacific salmon, the signature species of the Pacific Northwest, have declined across their range for well over a century, due to a myriad of human-caused effects on their habitat and the fish themselves. Restoration efforts—some successful, some halting—began earnest in the late 20th...
Persistent link: https://www.econbiz.de/10014345385
We compare three different views on the long run efficiencies of emission taxes which include thresholds, and of tradable emission permits where some permits are initially free. The differences are caused by different assumptions about whether thresholds and free permits should be subsidies...
Persistent link: https://www.econbiz.de/10005424144