DOI

The distribution of natural resources such as fish or forest, among many others, is an everyday political, economic, and ecological issue. Auctions are a possible alternative for grandfathering (historical rights). As many economists believe, an auction is the most efficient procedure to distribute quotas for resources. In 2019, the auction for Russian crab quotas yielded the largest revenue (more than 2 bln. euros) among world auctions, except for spectrum auctions. We analyse the strategic behavior of its participants and propose a better scheme of auction which is more favorable for newcomers and small companies, and potentially generates more revenue (up to 40% on 19 out of 31 lots) for the government.

Язык оригиналаанглийский
Номер статьи104266
ЖурналMarine Policy
Том122
Дата раннего онлайн-доступа25 окт 2020
DOI
СостояниеОпубликовано - дек 2020

    Предметные области Scopus

  • Акванаука
  • Науки об окружающей среде (все)
  • Экономика и эконометрия
  • Управление, контроль, политика и право
  • Право

ID: 70715588