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Open access, common property and scarcity rent in fisheries

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  • Bulte, E.H.

    (Tilburg University, School of Economics and Management)

  • Folmer, H.
  • Heijman, W.J.M.

Abstract

Open access resources are frequently not managed efficiently, resulting in falling stock levels and a declining income for fishermen. In the late 1970's, the policy response to this problem was the implementation of 200-mile fishing zones, which enabled the European Union to formulate and implement the Common Fisheries Policy, aimed at (among other things) conservation and distribution of available stocks. In Germany, this shift from an open access regime towards a common property regime had favourable outcomes. The trend of falling prices was reversed. The conclusion was that intertemporal efficiency had increased as a result of (inter)governmental policy. Apparently, a wedge was formed between price and marginal harvesting costs, implying that scarcity rent had returned as a component of prices. Copyright Kluwer Academic Publishers 1995
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Suggested Citation

  • Bulte, E.H. & Folmer, H. & Heijman, W.J.M., 1995. "Open access, common property and scarcity rent in fisheries," Other publications TiSEM cd0fb066-a26c-4bc6-be92-5, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:cd0fb066-a26c-4bc6-be92-592536c43148
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    References listed on IDEAS

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    1. McKelvey, Robert, 1983. "The fishery in a fluctuating environment: Coexistence of specialist and generalist fishing vessels in a multipurpose fleet," Journal of Environmental Economics and Management, Elsevier, vol. 10(4), pages 287-309, December.
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    4. Munro, Gordon R. & Scott, Anthony D., 1985. "The economics of fisheries management," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 14, pages 623-676, Elsevier.
    5. Deacon, Robert T., 1989. "An empirical model of fishery dynamics," Journal of Environmental Economics and Management, Elsevier, vol. 16(2), pages 167-183, March.
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    7. Clark, Colin W. & Munro, Gordon R., 1975. "The economics of fishing and modern capital theory: A simplified approach," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 92-106, December.
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    Cited by:

    1. Lu, Yifan & Yamazaki, Satoshi, 2023. "Fish to fight: Does catching more fish increase conflicts in Indonesia?," World Development, Elsevier, vol. 170(C).
    2. Erwin Bulte & Joost Pennings, 1997. "A Note on Overfishing, Fishing Rights and Futures Markets," European Journal of Law and Economics, Springer, vol. 4(4), pages 327-335, December.
    3. Fujiwara, Kenji, 2011. "Losses from competition in a dynamic game model of a renewable resource oligopoly," Resource and Energy Economics, Elsevier, vol. 33(1), pages 1-11, January.
    4. Yoav Wachsman, 2002. "A Model of Fishing Conflicts in Foreign Fisheries," Working Papers 200216, University of Hawaii at Manoa, Department of Economics.
    5. José Ramón Ruiz Tamarit & Manuel Sánchez Moreno, 2006. "Optimal Regulation And Growth In A Natural-Resource-Based Economy," Working Papers. Serie AD 2006-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    6. Ing-Marie Gren & Kerstin Holmgren & Willem Goedkoop, 2023. "Fishing motives and economic effects of climate change: an application on Arctic char in northern Sweden," Journal of Bioeconomics, Springer, vol. 25(3), pages 203-223, December.
    7. Reinoud Joosten, 2007. "Patience, Fish Wars, rarity value & Allee effects," Papers on Economics and Evolution 2007-24, Philipps University Marburg, Department of Geography.

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