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

Joel Kincaid ()

Law and Economics from EconWPA

Abstract: 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.

Keywords: Fishery Management; Property Rights; Natural Resources (search for similar items in EconPapers)
JEL-codes: Q22 Q28 K11 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-dcm, nep-law and nep-mic
Date: 2003-04-22
Note: Type of Document - pdf ; prepared on IBM PC ; pages: 10; figures: Included. Draft Version, Do Not Cite WO permission
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwple:0304004

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