Open access, common property and scarcity rent in fisheries
Identifieur interne : 000172 ( OpenAccess/Analysis ); précédent : 000171; suivant : 000173Open access, common property and scarcity rent in fisheries
Auteurs : Erwin Bulte [Pays-Bas] ; Henk Folmer [Pays-Bas] ; Wim Heijman [Pays-Bas]Source :
- Environmental and Resource Economics [ 0924-6460 ] ; 1995-12-01.
Abstract
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.
Url:
DOI: 10.1007/BF00691816
Affiliations:
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ISTEX:EAE66AA13214B334DA6DD2B999412942D251E0D3Le document en format XML
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<front><div type="abstract" xml:lang="en">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.</div>
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