The “product” travel cost model (PTC) improves supply and substitution specification in travel cost
models (TCM), eliminating common biases in estimating welfare effects of qualitative changes at specific
sites. Angling sites and participation are modeled as a system of product supplies and demands; changes
in angling quality at specific sites...
Establishing an effective management of former open access fisheries can
increase resource rents from close to zero to numbers as high as several
hundred Mio $ p.a., as it has been the the case in Iceland's cod fishery.
Whenever the corresponding harvesting rights are given out free of charge
as...