Private Property and Economic Efficiency: A Study of a Common-Pool Resource
AbstractThe British Columbia halibut fishery provides a natural experiment of the effects of "privatizing the commons". Using firm-level data from the fishery two years before private harvesting rights were introduced, the year they were implemented and three years afterwards, a stochastic frontier is estimated to test for changes in technical, allocative and economic efficiency. Despite some improvements in short-run measures of cost efficiency, overall the fishing fleet still remains well below the best practice frontier.
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 9804e.
Length: 48 pages
Date of creation: 1998
Date of revision:
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Web page: http://www.socialsciences.uottawa.ca/eco/eng/index.asp
More information through EDIRC
PROPERTY RIGHTS ; EFFICIENCY ; FISHERY;
Other versions of this item:
- Grafton, R Quentin & Squires, Dale & Fox, Kevin J, 2000. "Private Property and Economic Efficiency: A Study of a Common-Pool Resource," Journal of Law and Economics, University of Chicago Press, vol. 43(2), pages 679-713, October.
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- L5 - Industrial Organization - - Regulation and Industrial Policy
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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