Cabotage Sabotage? The Curious Case of the Jones Act
This paper examines the economic implications of the Jones Act, which is a 1920 U.S. cabotage law that restricts domestic waterborne shipments to American vessels. The rapid rise of the Asian shipbuilding industry over the last century has contributed to the closure of most American shipyards and to the decline in American built ships. Thus, […]
Read MoreImpact of two of the world’s largest protected areas on longline fishery catch rates
Two of the largest protected areas on earth are U.S. National Monuments in the Pacific Ocean. Numerous claims have been made about the impacts of these protected areas on the fishing industry, but there has been no ex post empirical evaluation of their effects. We use administrative data documenting individual fishing events to evaluate the economic impact of the expansion of […]
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