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来源类型Working Paper
规范类型报告
DOI10.3386/w16519
来源IDWorking Paper 16519
Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management
Terry L. Anderson; Ragnar Arnason; Gary D. Libecap
发表日期2010-11-04
出版年2010
语种英语
摘要We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not fixed in situ, but rather depend additionally upon the innovation, investment, and collective actions of fishers, who discover and enhance stocks and convert them into valuable goods and services. Our analysis shows how grandfathering increases rents by raising expected rates of return for investment, lowering the cost of capital, and providing incentives for collective action.
主题Microeconomics ; Households and Firms ; Other ; Law and Economics ; History ; Other History ; Environmental and Resource Economics ; Renewable Resources
URLhttps://www.nber.org/papers/w16519
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574194
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Terry L. Anderson,Ragnar Arnason,Gary D. Libecap. Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management. 2010.
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