IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v14y1999i2p191-215.html
   My bibliography  Save this article

Renewable Resource Policy When Distributional Impacts Matter

Author

Listed:
  • Richard Horan
  • James Shortle
  • Erwin Bulte

Abstract

The standard assumption in bioeconomic resource models is that optimal policies maximize the present value of economic surplus to society. This assumption implies that regulatory agencies should not be concerned with the distributional consequences of management strategies. Both contemporary welfare-theoretic and rent-seeking approaches suggests distributional issues are important in designing resource management policies. This paper explores resource management when the managing agency has preferences defined over the economic welfare of various groups with a direct economic interest in the use of resources. Policy schemes consistent with this approach are derived and compared with standard results. Copyright Kluwer Academic Publishers 1999

Suggested Citation

  • Richard Horan & James Shortle & Erwin Bulte, 1999. "Renewable Resource Policy When Distributional Impacts Matter," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(2), pages 191-215, September.
    • Handle: RePEc:kap:enreec:v:14:y:1999:i:2:p:191-215
    DOI: 10.1023/A:1008359115385
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1023/A:1008359115385
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1023/A:1008359115385?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. James S. Shortle & Andrew Laughland, 1994. "Impacts Of Taxes To Reduce Agrichemical Use When Farm Policy Is Endogenous," Journal of Agricultural Economics, Wiley Blackwell, vol. 45(1), pages 3-14, January.
    2. Campbell, H. F., 1991. "Estimating the elasticity of substitution between restricted and unrestricted inputs in a regulated fishery: A probit approach," Journal of Environmental Economics and Management, Elsevier, vol. 20(3), pages 262-274, May.
    3. Rausser, Gordon C. & Foster, William E., 1989. "Political Preference Functions and the Market for Public Policy Reform," 1989 Conference (33rd), February 7-9, 1989, Christchurch, New Zealand 144820, Australian Agricultural and Resource Economics Society.
    4. Stiglitz, Joseph E., 1987. "Pareto efficient and optimal taxation and the new new welfare economics," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 15, pages 991-1042, Elsevier.
    5. repec:bla:econom:v:43:y:1976:i:171:p:267-74 is not listed on IDEAS
    6. Gordon C. Rausser, 1982. "Political Economic Markets: PERTs and PESTs in Food and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 821-833.
    7. Bjorndal, Trond, 1988. "The optimal management of North Sea Herring," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 9-29, March.
    8. Ussif Sumaila, 1997. "Cooperative and Non-Cooperative Exploitation of the Arcto-Norwegian Cod Stock," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(2), pages 147-165, September.
    9. David Levhari & Leonard J. Mirman, 1980. "The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 322-334, Spring.
    10. Gordon R. Munro, 1979. "The Optimal Management of Transboundary Renewable Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 355-376, August.
    11. 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.
    12. Neher,Philip A., 1990. "Natural Resource Economics," Cambridge Books, Cambridge University Press, number 9780521311748, Enero.
    13. 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.
    Full references (including those not matched with items on IDEAS)

    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. Hutton, Trevor & Sumaila, Ussif Rashid, 2002. "Natural Resource Accounting And South African Fisheries: A Bio-Economic Assessment Of The West Coast Deep-Sea Hake Fishery With Reference To The Optimal Utilisation And Management Of The Resource," Discussion Papers 18018, University of Pretoria, Center for Environmental Economics and Policy in Africa.
    2. Jules Selles, 2018. "Fisheries management: what uncertainties matter?," Working Papers hal-01824238, HAL.
    3. Yasuhiro TAKARADA, 2009. "Transboundary Renewable Resource and International Trade," Discussion papers 09041, Research Institute of Economy, Trade and Industry (RIETI).
    4. Trond Bjørndal & Marko Lindroos, 2004. "International Management of North-Sea Herring," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(1), pages 83-96, September.
    5. Eggert, Håkan, 2006. "Fisheries Economics and 20 years with Marine Resource Economics: A Citation Analysis," Working Papers in Economics 203, University of Gothenburg, Department of Economics.
    6. Strulik, Holger & Werner, Katharina, 2023. "Renewable resource use with imperfect self-control," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 778-795.
    7. Brander, James A. & Scott Taylor, M., 1998. "Open access renewable resources: Trade and trade policy in a two-country model," Journal of International Economics, Elsevier, vol. 44(2), pages 181-209, April.
    8. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
    9. Florian K. Diekert & Emmi Nieminen, 2017. "International Fisheries Agreements with a Shifting Stock," Dynamic Games and Applications, Springer, vol. 7(2), pages 185-211, June.
    10. K. Erdlenbruch & M. Tidball, 2006. "Singular Optimal Control Model of Stock-Dependent Environmental Policies," Journal of Optimization Theory and Applications, Springer, vol. 131(1), pages 69-88, October.
    11. Ikerne del Valle & Inmaculada Astorkiza & Kepa Astorkiza, 2001. "Is the Current Regulation of the VIII Division European Anchovy Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(1), pages 53-72, May.
    12. Lansing, Kevin J., 1999. "Optimal redistributive capital taxation in a neoclassical growth model," Journal of Public Economics, Elsevier, vol. 73(3), pages 423-453, September.
    13. Gakushi Ishimura & Sam Herrick & Ussif Sumaila, 2013. "Fishing games under climate variability: transboundary management of Pacific sardine in the California Current System," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 15(2), pages 189-209, April.
    14. José António Filipe & Manuel Alberto M. Ferreira & Manuel Coelho & Maria Isabel Pedro, 2012. "Cooperation on Stocks Recover," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(1), pages 1-74.
    15. Selles Jules & Bonhommeau Sylvain & Guillotreau Patrice & Vallée Thomas, 2020. "Can the Threat of Economic Sanctions Ensure the Sustainability of International Fisheries? An Experiment of a Dynamic Non-cooperative CPR Game with Uncertain Tipping Point," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(1), pages 153-176, May.
    16. McWhinnie, Stephanie F., 2009. "The tragedy of the commons in international fisheries: An empirical examination," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 321-333, May.
    17. Claire Armstrong, 1999. "Sharing a Fish Resource – Bioeconomic Analysis of An Applied Allocation Rule," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(1), pages 75-94, January.
    18. Guillaume Bataille & Benteng Zou, 2024. "International Fisheries Agreements: Endogenous Exits, Shapley Values, and Moratorium Fishing Policy," DEM Discussion Paper Series 24-06, Department of Economics at the University of Luxembourg.
    19. Bjorndal, Trond, 1992. "Management of Fisheries as a Common Property Resource," 1991 Conference, August 22-29, 1991, Tokyo, Japan 183365, International Association of Agricultural Economists.
    20. Kaffine Daniel T & Costello Christopher, 2011. "Unitization of Spatially Connected Renewable Resources," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-31, March.

    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:kap:enreec:v:14:y:1999:i:2:p:191-215. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.