Determine the fishery is private property

Reference no: EM13214394

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.

Reference no: EM13214394

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