Jorge Holzer

Jorge Holzer
University of Maryland, College Park | UMD, UMCP, University of Maryland College Park · Department of Agricultural & Resource Economics

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16
Publications
420
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44
Citations

Publications

Publications (16)
Preprint
According to conservative estimates, every year over 220 million people worldwide fish recreationally. However, anglers' behavioral responses to changes in regulation remain poorly understood. This uncertainty in angler response to policy has limited managers' ability to keep removals below sustainable levels and prevent overfishing. This is partly...
Article
Against a backdrop of rising uncertainty driven by a warming climate, environmental policy has become increasingly reliant on precautionary buffers to safeguard public health, prevent irreversible environmental damages and limit the likelihood of exceeding critical thresholds. These probabilistic constraints are usually implemented under a separabi...
Preprint
We study the optimal allocation of a resource in a second-best world in which parties may be liquidity-constrained due to credit frictions and capital market imperfections. In this setting, common to various natural resource industries, agents are unable to bid more than their budget regardless of their valuation. While auction markets are widely u...
Preprint
This paper studies incentives to mislabel the species harvested in multispecies fisheries managed by tradeable catch shares. When coupled with imperfect monitoring , the joint production that characterizes this industry makes mislabeling hard for the regulator to detect and profitable over long periods of time, as illustrated by the recent high-pro...
Article
We study the use of discrete choice models in the context of recreation when there may be discrepancy between the anticipated (ex ante) and the experienced quality of site attributes due to imperfect information. Unlike previous literature on the topic, we relax the assumption of risk neutrality. Adopting a model with quasi-linear preferences, we c...
Article
Deepwater Horizon in 2010 marked the largest oil spill in United States history. Following the spill, a council of federal and state trustees was established to assess the impact of the released oil on natural resources in the Gulf of Mexico. The Programmatic Damage Assessment and Restoration Plan developed by the trustees specifically called for r...
Article
In the management of natural resources, regulation often induces behavioral responses by resource users that ultimately undermine stated policy objectives. Examples of these unintended consequences have been associated with regulations ranging from the Endangered Species Act to laws governing clean air. In this paper we investigate an unintended be...
Article
1 Abstract In this paper, we argue that the static view of the Precautionary Principle that limits the risk of overfishing every season may be inconsistent with a dynamic perspective on precaution, where harvest control rules are adopted not only to limit fishing mortality every season, but also to infer extra information on the biological system t...
Article
This paper studies the returns on the allocation of harvest to the recreational sector when anglers exhibit risk aversion for random catch. By using data from choice experiments that explicitly introduce uncertainty in harvest as a trip attribute, we specify and estimate different models of constant absolute risk aversion (CARA). With evidence that...
Article
Posted price offers and first price auctions, along with the multi-unit discriminatory auction extension, are two widely used mechanisms for allocating conservation contracts. The choice between the two typically hinges on the trade-off between the posted price's simplicity and the potential revenue gains of the auction. In this paper we introduce...
Article
Natural resource managers typically adopt precautionary quota buffers to account for scientific and management uncertainty. Such buffers ensure compliance with harvest targets up to a confidence level set by the manager, but represent foregone profits and create incentives for firms’ voluntary investment in the provision of information that lessens...
Article
Formal property rights are typically established after considerable waste has occurred, despite the effectiveness of such schemes in addressing the inefficiencies of common pool resources. Adoption can be contentious because of the assignment of wealth and political influence that accompany the transition to exclusive property rights. This paper st...
Article
Economists have long known that properly designed markets allocate resources efficiently. However, in many circumstances markets are unfeasible. In this paper, we construct a general model of access which allows us to value different assignments when resources are allocated in the absence of markets. We demonstrate that marginal value schedules are...
Article
Resources are often allocated without property rights and the attendant market exchanges. Households commonly encounter these situations—access to schools, on-street parking. Fishing firms typically exploit stocks in a limited-entry setting under input controls. Absent transferable rights and the sorting of marginal values induced by price mechanis...
Article
This article studies how rent-seeking behavior induces an informal leasing market for fishing licenses that leads harvesters in a common pool to circumvent rules set by the manager to conserve the resource, as well as how the vulnerability of the resource to such behavior depends on the management approach adopted. License leasing reduces fleet het...

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