In the economic model of the fishery developed in this chapter, compare the effect on fishing effort
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In the economic model of the fishery developed in this chapter, compare the effect on fishing effort of an increase in cost of a fishing license with an increase in a per-unit tax on fishing effort that raises the same amount of revenue. Assume the fishery is private property. Repeat the analysis assuming that the fishery is a free-access common property resource.
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The increase in the license fee is represented as a parallel upward shift of the to...View the full answer
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Related Book For 
Environmental And Natural Resources Economics
ISBN: 9780131392571
9th Edition
Authors: Tom Tietenberg
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