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Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management

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NBER2010-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16519
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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
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2010-11-01
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