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Return on Capital and Management Reforms in Norway’s Fisheries

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  • Rögnvaldur Hannesson

Abstract

Individual transferrable quotas (ITQs) are used in Norway’s fisheries, but only partly and with restrictions on transferability. This paper examines how this has affected return on capital. The return on boat capital in three of four fisheries examined has increased since ITQs were introduced. A part of this increase is due to an increase in value of fish landings, but accounting for that still leaves room for increases due to ITQs. Return on total capital (including quota value) has either stagnated or fallen. This is consistent with the rate of return in ITQ fisheries being comparable with other industries in the long run.

Suggested Citation

  • Rögnvaldur Hannesson, 2017. "Return on Capital and Management Reforms in Norway’s Fisheries," Land Economics, University of Wisconsin Press, vol. 93(4), pages 710-720.
    • Handle: RePEc:uwp:landec:v:93:y:2017:i:4:p:710-720
    Note: DOI: 10.3368/le.93.4.710
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    File URL: http://le.uwpress.org/cgi/reprint/93/4/710
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    Cited by:

    1. 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.

    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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