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  • Experimental Testbedding Institutions for Tradable Fishing Allowances

    Creator:
    Anderson, Christopher and Sutinen, Jon G.
    Abstract:
    The objective of this paper is to illustrate that economic institutions matter, i.e., that different rules of trade present different incentives for bidding, asking and trading in new markets, and that these different incentives lead to different price discovery patterns which yield materially different outcomes. In a laboratory tradable fishing...
    Resource Type:
    Research Paper
    Full Text:
    Management. Newell, Richard, James N. Sanchirico, and Suzi Kerr. 2003. Fishing Quota Markets. RFF