Credit Markets, Property Rights, and the Commons (Record no. 134466)

MARC details
000 -LEADER
fixed length control field 01364nas a2200205Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241107c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0022-3808
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Noack, Frederik
9 (RLIN) 121973
245 #0 - TITLE STATEMENT
Title Credit Markets, Property Rights, and the Commons
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Political Economy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 2396-2450
520 ## - SUMMARY, ETC.
Abstract Credit markets and property rights are fundamental for modern economies, but their implications for the commons are unknown. Using a dynamic model of competitive resource extraction, we show that improving property right security unambiguously increases conservation incentives, but the effect of credit markets on resource extraction effort hinges on the security of property rights. We test these predictions using data on global fisheries, credit markets, and the largest ever marine property rights assignment. We find that property right security reduces resource extraction and that credit market development increases resource extraction under insecure property rights but reduces resource extraction under secure property rights.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Credit Markets
9 (RLIN) 77782
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Marine Property Rights
9 (RLIN) 123234
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Modern Economies
9 (RLIN) 123235
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Property Rights
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Costello, Christopher
9 (RLIN) 123236
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.journals.uchicago.edu/doi/10.1086/729065">https://www.journals.uchicago.edu/doi/10.1086/729065</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134466
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        Dr VKRV Rao Library Dr VKRV Rao Library 07/11/2024 Vol. 132, No. 7   AI737 07/11/2024 07/11/2024 Article Index