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The Determinants of Property Rights In U.S. Marine Fisheries

  • Joel Kincaid

    (Salsibury University)

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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File URL: http://econwpa.repec.org/eps/le/papers/0304/0304004.pdf
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Paper provided by EconWPA in its series Law and Economics with number 0304004.

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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 Draft Version, Do Not Cite WO permission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://econwpa.repec.org

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  1. Cheung, Steven N S, 1970. "The Structure of a Contract and the Theory of a Non-exclusive Resource," Journal of Law and Economics, University of Chicago Press, vol. 13(1), pages 49-70, April.
  2. Milliman, Scott R., 1986. "Optimal fishery management in the presence of illegal activity," Journal of Environmental Economics and Management, Elsevier, vol. 13(4), pages 363-381, December.
  3. Agnello, Richard J & Donnelley, Lawrence P, 1975. "Property Rights and Efficiency in the Oyster Industry," Journal of Law and Economics, University of Chicago Press, vol. 18(2), pages 521-33, October.
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