Market Rent Dissipation in Regulated Open Access Fisheries
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چکیده
منابع مشابه
Voluntary Approaches to Transitioning from Competitive Fisheries to Rights- Based Management: Bringing the Field into the Lab
This paper describes a novel experiment designed to examine how rent dissipation may occur in fisheries in which the right to participate is limited and fishermen compete amongst themselves for shares of an exogenous total allowable catch. We demonstrate that rent dissipation may occur through multiple mechanisms, and that the heterogeneity of fishermen has important implications for how rent d...
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A common strategy for limiting the total annual catch in a fishery is to restrict entry and season length. We examine the results of this strategy when entry limitation amounts to a limit on capital, but fishing firms can vary an unrestricted input, and thereby use the restricted input more intensively. Under these regulatory constraints, fishing firmswill earn rents that depend on the elastici...
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