An alternative to traditional regulations of fisheries to avoid rent dissipation is the use of individual transferable quotas (ITQ <Subscript> s </Subscript>) where prices in the quota market provide the necessary information to owners of harvest rights to contract with each other. However, even under such a...</subscript>

We analyze the effect of technological change on labor and total factor productivity in the Lofoten fishery, using detailed data for 130 years. Our findings support the important role of natural resources in productivity and improvements in welfare in natural resource–based industries. The...

The British Columbia halibut fishery provides a natural experiment of the effects of "privatizing the commons". Using firm-level data from the fishery two years before private harvesting rights were introduced, the year they were implemented and three years afterwards, a stochastic frontier is...

The British Columbia halibut fishery provides a natural experiment of the effects of "privatizing the commons". Using firm-level data from the fishery two years before private harvesting rights were introduced, the year they were implemented and three years afterwards, a stochastic frontier is...