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

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  • Joel Kincaid

    (Salsibury University)

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.

Suggested Citation

  • Joel Kincaid, 2003. "The Determinants of Property Rights In U.S. Marine Fisheries," Law and Economics 0304004, University Library of Munich, Germany.
    • 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 Draft Version, Do Not Cite WO permission
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/le/papers/0304/0304004.pdf
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    References listed on IDEAS

    as
    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. 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 521-533, October.
    3. Lee G. Anderson & Dwight R. Lee, 1986. "Optimal Governing Instrument, Operation Level, and Enforcement in Natural Resource Regulation: The Case of the Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 678-690.
    4. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fishery Management; Property Rights; Natural Resources;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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