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Separating Resource Rents from Intra-marginal Rents in Fisheries’ Economic Survey Data

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  • 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, Cambridge University Press, vol. 28(2), pages 219-228, October.
    • Handle: RePEc:cup:agrerw:v:28:y:1999:i:02:p:219-228_00
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    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. Ragnar Arnason, 2011. "Loss of economic rents in the global fishery," Journal of Bioeconomics, Springer, vol. 13(3), pages 213-232, October.

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