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Search and active learning with correlated information:Empirical evidence from Mid-Atlantic clam fishermen
Marcoul, Philippe; Weninger, Quinn R. - Iowa State University of Science and Technology <Ames, … - 2007
This paper examines search with active learning and correlated information. We firstdevelop a simple model to show how … correlation affects the decision to acquire information.A unique data set on fishing site choice by mid-Atlantic clam fishermen is … declines, i.e., when the opportunity cost of gathering information is low, butalso when catch at familiar sites is on the rise …
Persistent link: https://www.econbiz.de/10009360920
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Agency and Control Problems in US Corporations: The Case of Energy-efficient Investment Projects
Decanio, Stephen - In: International Journal of the Economics of Business 1 (1994) 1, pp. 105-124
phenomenon include agency and moral hazard problems, imperfect information and incentives, myopia, and X-inefficiency. Data from …
Persistent link: https://www.econbiz.de/10009275873
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Information Sharing and Cooperative Search in Fisheries
Evans, Keith S.; Weninger, Quinn - Department of Economics, Iowa State University - 2010
Bayesian Nash equilibrium search patterns for non-cooperating fishermen and members of an information sharing cooperative are … com-pared with first-best outcomes. Independent fishermen do not internalize the full valueof information, and do not … undertake costlysearch for information. Pooling contracts among coop members may mitigate, butare not likely to eliminate free …
Persistent link: https://www.econbiz.de/10008557375
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Inducing environmental co-operation by the design of emission permits
Ohl, Cornelia - 2002
Strategies of international risk management, as the implementation of tradable emission permits, feed back to the incentive structure of a treaty, like the Kyoto Protocol. Discussing the Kyoto Protocol the question was: Should there be any restrictions on the trading of emission permits or not?...
Persistent link: https://www.econbiz.de/10011597013
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Inducing Environmental Co-Operation by the Design of Emission Permits
Ohl, Cornelia - 2002
Strategies of international risk management, as the implementation of tradable emission permits, feed back to the incentive structure of a treaty, like the Kyoto Protocol. Discussing the Kyoto Protocol the question was: Should there be any restrictions on the trading of emission permits or not?...
Persistent link: https://www.econbiz.de/10014113927
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Inducing environmental co-operation by the design of emission permits
Ohl, Cornelia - 2002
Strategies of international risk management, as the implementation of tradable emission permits, feed back to the incentive structure of a treaty, like the Kyoto Protocol. Discussing the Kyoto Protocol the question was: Should there be any restrictions on the trading of emission permits or not?...
Persistent link: https://www.econbiz.de/10011335714
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Coordination, Communication and Common Knowledge : A Retrospective on the Electronic Mail Game
Morris, Stephen - 2003
Common knowledge plays an important role in coordination problems and coordination problems are central to many areas of economic policy. In this paper, I review some common knowledge puzzles culminating in the electronic mail game. These puzzles may seem distant from practical concerns....
Persistent link: https://www.econbiz.de/10014088719
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Economic Benefits of Management Reform in the Gulf ofMexico Grouper Fishery: A Semi-parametric Analysis
Weninger, Quinn R. - Iowa State University of Science and Technology <Ames, … - 2007
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...
Persistent link: https://www.econbiz.de/10009360927
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Fishing Behavior Across Space and Time
Veyssiere, Luc Pierre; Weninger, Quinn - Iowa State University of Science and Technology <Ames, … - 2009
Models of fishing behavior rarely incorporate the complexities of marine ecosystems,multiple-stock harvest technologies, and regulations present in real world marinefisheries. We introduce a structural model of a multi-species, weak-output-disposabilityharvest technology. A latent...
Persistent link: https://www.econbiz.de/10009360741
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Individual fishing quotas in the eastern Gulf of Mexicogrouper fishery: fleet restructuring, effort reduction andcost savings
Weninger, Quinn - Iowa State University of Science and Technology <Ames, … - 2008
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...
Persistent link: https://www.econbiz.de/10009360804