Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-17T14:49:25.971Z Has data issue: false hasContentIssue false
  • English
  • Français

Separating Resource Rents from Intra-marginal Rents in Fisheries’ Economic Survey Data

Published online by Cambridge University Press:  15 September 2016

Louisa Coglan  and
Sean Pascoe
Louisa Coglan
Affiliation:
Department of Economics at the University of Portsmouth in the UK
Sean Pascoe
Affiliation:
Centre for the Economics and Management of Aquatic Resources at the University of Portsmouth in the UK
Get access

Abstract

Economic surveys of fisheries are undertaken in several countries as a means of assessing the economic performance of their fisheries. The level of economic profits accruing in the fishery can be estimated from the average economic profits of the boats surveyed. Economic profits consist of two components—resource rent and intra-marginal rent. From a fisheries management perspective, the key indicator of performance is the level of resource rent being generated in the fishery. Consequently, these different components need to be separated out. In this paper, a means of separating out the rent components is identified for a heterogeneous fishery. This is applied to the multi-purpose fleet operating in the English Channel. The paper demonstrates that failing to separate out these two components may result in a misrepresentation of the economic performance of the fishery.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 28 , Issue 2 , October 1999 , pp. 219 - 228
Copyright
Copyright © 1999 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

ABARE. 1998 (and earlier issues). Fisheries Surveys Report, 1997. Canberra: ABARE.Google Scholar
Anderson, L.G. 1982. “The Economics of Multi-purpose Fleet Behavior.” In Mirman, L.J. and Spulber, D.F. (eds.), Essays in the Economics of Renewable Resources. Amsterdam, New York and Oxford: North-Holland Publishing Company, 203–226.Google Scholar
Anderson, L.G. 1989. “Conceptual Constructs for Practical ITQ Management Policies.” In Neher, P.A., Amason, R. and Mallett, N. (eds.), Rights Based Fishing. The Netherlands: Kluwer Academic Publishers, 191–209.CrossRefGoogle Scholar
Anthony, V.C. 1990. “The New England Groundfish Fishery After 10 Years under The Magnuson Fishery Conservation and Management Act.” North American Journal of Fisheries Management 10(2): 175–184.2.3.CO;2>CrossRefGoogle Scholar
Amason, R. 1993. “Ocean Fisheries Management: Recent International Developments.” Marine Policy 17(5): 334–339.Google Scholar
Call, S.T. and Holahan, W.L. 1980. Microeconomics. (2nd edition). USA: Wadsworth Publishing Company.Google Scholar
Clark, C.W., Clarke, F.H. and Munro, G.R. 1979. “The Optimal Exploitation of Renewable Resource Stocks: the Problem of Irreversible Investment.” Econometrica 47(1): 25–47.CrossRefGoogle Scholar
Concerted Action. 1998. Economic Performance of Selected European Fishing Fleets Concerted Action on Promotion of Common Methods for Economic Assessment of EU Fisheries (FAIR-PL97-3541). Annual Report 1998. The Hague: Landbouw-Economisch Instituut (LEI-DLO).Google Scholar
Gordon, H.S. 1954. “The Economic Theory of a Common Property Resource: the Fishery.” Journal of Political Economy 62(April): 124–142.CrossRefGoogle Scholar
Hatcher, A. and Pascoe, S., 1998. Charging the UK fishing Industry (A Report to the Ministry of Agriculture, Fisheries and Food), (CEMARE Report R49), Portsmouth: CEMARE.Google Scholar
Hannesson, R. 1993. Bioeconomic Analysis of Fisheries, UK: Fishing News Books.Google Scholar
Heathfield, D.F. and Wibe, S. 1987. An Introduction to Cost and Production Functions. Hong Kong: MacMillan Education Ltd.CrossRefGoogle Scholar
Johnson, R.N. 1995. “Implications of Taxing Quota Value in an Individual Transferable Quota Fishery.” Marine Resource Economics 10(4): 27–340.CrossRefGoogle Scholar
Mace, P. 1994. “Relationship between Common Biological Reference Points Used as Thresholds and Targets of Fisheries Management Strategies.” Canadian Journal of Fisheries and Aquatic Science 51(1): 110–122.CrossRefGoogle Scholar
Nautilus Consultants. 1998. Fishers's Handbook: Costs and Earnings of the United Kingdom Fishing Vessel Fleet 1996-97. Edinburgh: Sea Fish Industry Authority.Google Scholar
Pascoe, S. 1993. “ITQs in the Australian South East Fishery.” Marine Resource Economics 8(4): 395–401.CrossRefGoogle Scholar
Pascoe, S., Robinson, C., and Coglan, L. 1997. Economic and Financial Performance of the UK English Channel Fishery. CEMARE Report No. 44. Portsmouth: University of Portsmouth.Google Scholar
SJFI (Danish Institute of Agricultural and Fisheries Economics). 1998. Fiskeriregnskabsstatistik 1997. Københaven (Copenhagen): Minsteriet for Fødevarer, Landbrug og Fiskeri.Google Scholar
Smit, W., Davidse, W.P., de Jager, J., de Ruijter, C., Smit, M.H., Taal, C., and van Wijk, M.O. 1998. Visserij in Cijfers 1997. Periodieke Rapportage 31-97, The Hague: Landbouw-Economisch Instituut (LEI-DLO).Google Scholar
Whitmarsh, D. 1998. “The Fisheries Treadmill.” Land Economics 74(3): 422–427.CrossRefGoogle Scholar