IDEAS home Printed from https://ideas.repec.org/a/ags/arerjl/31291.html
   My bibliography  Save this article

Separating Resource Rents From Intra-Marginal Rents In Fisheries' Economic Survey Data

Author

Listed:
  • Coglan, Louisa
  • Pascoe, Sean

Abstract

Economic surveys of fisheries are undertaken in several countries as a means of assessing the economic performance of their fisheries. The level of economic profits accruing in the fishery can be estimated from the average economic profits of the boats surveyed. Economic profits consist of two components - resource rent and intra-marginal rent. From a fisheries management perspective, the key indicator of performance is the level of resource rent being generated in the fishery. Consequently, these different components need to be separated out. In this paper, a means of separating out the rent components is identified for a heterogeneous fishery. This is applied to the multi-purpose fleet operating in the English Channel. The paper demonstrates that failing to separate out these two components may result in a misrepresentation of the economic performance of the fishery.

Suggested Citation

  • Coglan, Louisa & Pascoe, Sean, 1999. "Separating Resource Rents From Intra-Marginal Rents In Fisheries' Economic Survey Data," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 28(2), pages 1-10, October.
    • Handle: RePEc:ags:arerjl:31291
    DOI: 10.22004/ag.econ.31291
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/31291/files/28020219.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.31291?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Arnason, Ragnar, 1993. "Ocean fisheries management: recent international developments," Marine Policy, Elsevier, vol. 17(5), pages 334-339, September.
    2. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    3. Clark, Colin W & Clarke, Frank H & Munro, Gordon R, 1979. "The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment," Econometrica, Econometric Society, vol. 47(1), pages 25-47, January.
    4. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Duy, Nguyen Ngoc & Flaaten, Ola & Long, Le Kim, 2015. "Government support and profitability effects – Vietnamese offshore fisheries," Marine Policy, Elsevier, vol. 61(C), pages 77-86.
    2. Mardle, S. & Pascoe, S., 2000. "Use of evolutionary methods for bioeconomic optimization models: an application to fisheries," Agricultural Systems, Elsevier, vol. 66(1), pages 33-49, October.
    3. Nils-Arne Ekerhovd & Daniel V. Gordon, 2020. "Profitability, Capacity and Productivity Trends in an Evolving Rights Based Fishery: The Norwegian Purse Seine Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(3), pages 565-591, November.
    4. Stefano Mainardi, 2018. "Fishing vessel efficiency, skipper skills and hake pricetransmission in a small island economy," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 99(3-4), pages 215-251.
    5. Corbett A. Grainger & Christopher Costello, 2016. "Distributional Effects of the Transition to Property Rights for a Common-Pool Resource," Marine Resource Economics, University of Chicago Press, vol. 31(1), pages 1-26.
    6. Ragnar Arnason, 2011. "Loss of economic rents in the global fishery," Journal of Bioeconomics, Springer, vol. 13(3), pages 213-232, October.
    7. Nguyen Ngoc Duy & Ola Flaaten, 2016. "Profitability Effects and Fishery Subsidies: Average Treatment Effects Based on Propensity Scores," Marine Resource Economics, University of Chicago Press, vol. 31(4), pages 373-402.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Squires, Dale & Vestergaard, Niels, 2013. "Technical change in fisheries," Marine Policy, Elsevier, vol. 42(C), pages 286-292.
    2. Barkley Rosser, J. Jr., 2001. "Complex ecologic-economic dynamics and environmental policy," Ecological Economics, Elsevier, vol. 37(1), pages 23-37, April.
    3. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.
    4. Martinet, Vincent & Thebaud, Olivier & Doyen, Luc, 2007. "Defining viable recovery paths toward sustainable fisheries," Ecological Economics, Elsevier, vol. 64(2), pages 411-422, December.
    5. Allen, Robert C. & Keay, Ian, 2001. "The First Great Whale Extinction: The End of the Bowhead Whale in the Eastern Arctic," Explorations in Economic History, Elsevier, vol. 38(4), pages 448-477, October.
    6. Gordon Munro & U. Sumaila, 2015. "On the Contributions of Colin Clark to Fisheries Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(1), pages 1-17, May.
    7. Stephanie McWhinnie & Kofi Otumawu-Apreku, 2013. "The Role of Fixed Cost and Non-Discretionary Variables in Fisheries: A Theoretical and Empirical Investigation," School of Economics and Public Policy Working Papers 2013-14, University of Adelaide, School of Economics and Public Policy.
    8. Phoebe Koundouri & Marita Laukkanen, 2004. "Stochastic Production in a Regulated Fishery:The Importance of Risk Considerations," DEOS Working Papers 0403, Athens University of Economics and Business.
    9. Alexander, Robert R. & Shields, David W., 2002. "Using Land As A Control Variable In Density-Dependent Bioeconomic Models," Discussion Papers in Natural Resource and Environmental Economics 23694, Massey University, Centre for Applied Economics and Policy Studies.
    10. Robert Innes & George Frisvold, 2009. "The Economics of Endangered Species," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 485-512, September.
    11. Sjur Didrik Flåm, 2020. "Rights and rents in local commons," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 5(1), pages 119-140, December.
    12. Bjorndal, Trond & Lane, Daniel E. & Weintraub, Andres, 2004. "Operational research models and the management of fisheries and aquaculture: A review," European Journal of Operational Research, Elsevier, vol. 156(3), pages 533-540, August.
    13. Cheung, William W.L. & Sumaila, U. Rashid, 2008. "Trade-offs between conservation and socio-economic objectives in managing a tropical marine ecosystem," Ecological Economics, Elsevier, vol. 66(1), pages 193-210, May.
    14. Eisenack, K. & Welsch, H. & Kropp, J.P., 2006. "A qualitative dynamical modelling approach to capital accumulation in unregulated fisheries," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2613-2636, December.
    15. Chang K. Seung & Michael G. Dalton & André E. Punt & Dusanka Poljak & Robert Foy, 2015. "Economic Impacts Of Changes In An Alaska Crab Fishery From Ocean Acidification," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-35, November.
    16. Louis-Pascal Mahé & Carole Ropars, 2001. "L'exploitation régulée d'une ressource renouvelable : inefficacité d'un rationnement factoriel et efficacité des quotas individuels transférables," Économie et Prévision, Programme National Persée, vol. 148(2), pages 141-156.
    17. Schnier, Kurt E. & Anderson, Christopher M., 2006. "Decision making in patchy resource environments: Spatial misperception of bioeconomic models," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 234-254, October.
    18. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
    19. Fleming, Christopher M. & Alexander, Robert R., 2002. "Single Species Versus Multiple Species Models: The Economic Implications," Discussion Papers in Natural Resource and Environmental Economics 23693, Massey University, Centre for Applied Economics and Policy Studies.
    20. Anderies, John M. & Janssen, Marco A. & Bousquet, François & Cardenas, Juan-Camilo & Castillo, Daniel & Lopez, Maria-Claudio & Tobias, Robert & Vollan, Björn & Wutich, Amber, 2011. "The challenge of understanding decisions in experimental studies of common pool resource governance," Ecological Economics, Elsevier, vol. 70(9), pages 1571-1579, July.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:arerjl:31291. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nareaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.