Controlling excess capacity in common-pool resource industries: The transition from input to output controls
Overcapacity is a major problem in common-pool resources. Regulators increasingly turn from limited entry to individual transferable use rights to address overcapacity. Using individual vessel data from before and after the introduction of individual harvest rights into a fishery, the paper investigates how characteristics of rights, scale of operations and transition period affect changes in individual and fleet capacity utilisation and excess capacity. The results indicate that individual...[Show more]
|Collections||ANU Research Publications|
|Source:||Australian Journal of Agricultural and Resource Economics|
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