Using a sample of fisheries managed under the Magnuson Act, a probit model of the probability of property rights adoption is estimated. The probability of adoption increases as ex–vessel revenue increases and as proxies for transaction costs decrease.
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Paper provided by EconWPA in its series Law and Economics with number
0304004.
Length: 10 pages Date of creation: 22 Apr 2003 Date of revision: Handle: RePEc:wpa:wuwple:0304004
Note: Type of Document - pdf ; prepared on IBM PC ; pages: 10; figures: Included. Draft Version, Do Not Cite WO permission Contact details of provider: Web page: http://129.3.20.41
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Find related papers by JEL classification: Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy K11 - Law and Economics - - Basic Areas of Law - - - Property Law C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models
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