Many countries sell fishing rights to foreign nations and fishers. Although African coastal waters are among the world’s most biologically rich, African countries earn much less than their peers from selling...
Congestion can reduce the value of a fishery, resulting in a lower total catch for the same amount of labor, fuel, and equipment expended in fishing activities. Absent the congestion externality, better...
Input subsidies in natural resource sectors are widely believed to deplete the natural capital on which these sectors depend. However, estimating the causal effect of subsidies on resource extraction has...
This paper establishes that a targeted policy backfires because it reveals information about non-targeted units. In the world’s largest fishery, the regulator attempts to reduce the harvesting of juvenile...