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Property rights in a fishery: regulatory change and firm performance

Fox, Kevin J; Kirkley, James; Squires, Dale; Grafton, Quentin


A new method is introduced and applied to analyze changes in productivity of firms harvesting a natural capital stock. The index-number technique decomposes the contributions of output prices, variable input prices, fixed inputs and productivity to firm profits, adjusted for changes in the natural capital stock. An application of the method is given using micro-level data from a common-pool resource. The indexes provide a ready-made comparison of all firms to the most profitable firm per unit...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Working/Technical Paper
Source: Journal of Environmental Economics and Management
DOI: 10.1016/S0095-0696(02)00027-X


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