Ownership of Renewable Ocean Resources
| Autor: | Steven F. Edwards |
|---|---|
| Rok vydání: | 1994 |
| Předmět: |
Economics and Econometrics
Resource (biology) Public economics business.industry media_common.quotation_subject Geography Planning and Development Economic rent Management Monitoring Policy and Law Public choice Oceanography Renewable energy Market economy Property rights Economics business Centralized government media_common |
| Zdroj: | Marine Resource Economics. 9:253-273 |
| ISSN: | 2334-5985 0738-1360 |
| DOI: | 10.1086/mre.9.3.42629084 |
| Popis: | Much of the recent fisheries economics literature promotes usufructuary rights policies to lessen the dissipation of resource rents. However, this literature does not count institutional inefficiencies which result from rentseeking and the principal-agent problem when a centralized government controls access to renewable ocean resources. As a result, the efficiency of usufructuary rights programs, including ITQs, throughout the economy could be exaggerated. From a dynamic standpoint, though, usufructuary rights policies remain an important avenue for residual claimants to contract for less attenuated institutions of common or private property rights. These conclusions are drawn from a survey of the property rights and public choice literatures. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|