The Determinants of Property Rights In U.S. Marine Fisheries
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.
|Date of creation:||22 Apr 2003|
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- 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.
- 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.
- 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.
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