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- Title
Welfare Tradeoffs Between Transferable and Nontransferable Lotteries.
- Authors
Ohler, Adrienne; Chouinard, Hayley; Yoder, Jonathan
- Abstract
The Four Rivers lottery run by the National Forest Service (NFS) distributes the opportunity to raft rivers in Idaho through a nontransferable lottery. The trade restriction creates a deadweight loss in total surplus. If the NFS allowed permit transfers, then the potential exists for rafters to gain surplus by trading, but non-rafters have an incentive to enter if they can make a profit from trade. This paper examines rafter welfare, non-rafter welfare, and government revenue under the two lottery systems to understand tradeoff between transferability and nontransferability. This tradeoff is also examined under changes in permit fees, application fees, and available permits.
- Subjects
UNITED States; IDAHO; LOTTERIES; UNITED States. National Forest Service; RIVERS; RAFTS; SURPLUS (Economics); MARKETING
- Publication
Journal of Agricultural & Resource Economics, 2007, Vol 32, Issue 3, p565
- ISSN
1068-5502
- Publication type
Article