Fisheries management in Iceland and J. Warming's contribution to the economics of the fisheries
In this paper I argue that the origin of the economics of the fisheries can !be traced back to a Danish Professor Jens Warming. In 1911 he published an article comparing the rent available from fishing grounds and land. He pointed out a common property qualification that open access fishing without charge tends to decrease the rent from fishing. He also discussed how to price fishing licenses to restrict the amount of fishing. In light of Warming's contributions I also briefly discuss the construction of fishing licences in Iceland since 1984.
Volume (Year): 8 (1995)
Issue (Month): 1 (Spring)
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