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Rent-seeking and Quota Regulation of a Renewable Resource


  • Harald Bergland
  • Derek J. Clark
  • Pål Andreas Pedersen



The paper deals with rent-seeking behaviour among agents competing for future shares of a common renewable natural resource. Rent-seeking might become profitable when the agents expect that the distribution of the natural resource in future periods will be dependent on the agents' extraction of the resource in the past, even though high exploitation might reduce the stock that future individual quotas will be based upon. Whether aggressive rent-seeking behaviour by one agent will encourage other agents to rent-seek more, however, is generally found to be ambiguous.

Suggested Citation

  • Harald Bergland & Derek J. Clark & Pål Andreas Pedersen, 2001. "Rent-seeking and Quota Regulation of a Renewable Resource," Studies in Economics 0106, School of Economics, University of Kent.
  • Handle: RePEc:ukc:ukcedp:0106

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    References listed on IDEAS

    1. Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985. "Multimarket Oligopoly: Strategic Substitutes and Complements," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 488-511, June.
    2. Fischer, Ronald D. & Mirman, Leonard J., 1996. "The Compleat Fish Wars: Biological and Dynamic Interactions," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 34-42, January.
    3. Hannesson, Rognvaldur, 1991. "From common fish to rights based fishing : Fisheries management and the evolution of exclusive rights to fish," European Economic Review, Elsevier, vol. 35(2-3), pages 397-407, April.
    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. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    6. Boyce, John R, 1998. "Rent-Seeking in Natural Resource Quota Allocations," Public Choice, Springer, vol. 96(3-4), pages 271-294, September.
    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.
    8. Hannesson, Rognvaldur, 1997. "Fishing as a Supergame," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 309-322, March.
    9. Bohm, Peter & Russell, Clifford S., 1985. "Comparative analysis of alternative policy instruments," 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 1, chapter 10, pages 395-460 Elsevier.
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    Cited by:

    1. Urs Steiner Brandt, 2006. "The Effect of Climate Change on the Probability of Conservation: Fisheries Regulation as a Policy Contest," Working Papers 72/06, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.

    More about this item


    Rent-seeking; quota regulation; renewable resources;

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory


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