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Filtering by: Creator Ainsworth, Joel Creator Knapp, Gunnar Resource Type Research Paper

Individual Value-Driven Rent Dissipation in Limited-Entry Fisheries: Experimental Evidence

Creator:

Dunham, Gabe, Ainsworth, Joel, Murphy, Jim, and Knapp, Gunnar

Abstract:

Economists have devoted considerable attention to rent-dissipation in limited-entry fisheries as a result of excessive use of capital inputs, or "capital stuffing." We may refer to this mechanism of rent dissipation as "cost-driven rent dissipation." An alternative potential mechanism of rent dissipation, which we refer to as "value-driven rent dissipation,"...

Resource Type:

Research Paper