Property rights and entrepreneurial income in commercial fisheries

Article Abstract:

The political and economic aspects of owning and operating fishing vessels in an open access fishery are explored. To this end, a model which treats fishing vessel owners as heterogeneous with respect to their fishing catch within and outside the fishery, respectively, is developed. It reveals the positive effect of self-financed quota reductions and quota buybacks on their income as well as the negative effect of Pigouvia taxes on landings and conversion of such fisheries to sole ownership.

Regulation of Agricultural Marketing and Commodities, Fishing Vessel Subsidies & Regulatn, Research, Economic aspects, Fishing laws, Fishery policy, Fishery subsidies

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Rent capture in a rights-based fishery

Article Abstract:

Four rent capture methods in a fishery where non-owning fishermen have individual harvesting rights are investigated. To this end, individual profits per vessel are derived using a unit profit function and updated 1990 prices for a sablefish fishery in British Columbia, Canada. The four methods are: quota rental charge, profit charge, lump sum charge and ad valorem royalty charge based on quota holdings.

Commercial Fishing, Fishing, Evaluation, Fishes, Rents (Property)

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Individual habitat quotas for fisheries

Article Abstract:

A study on individual habitat quota system to fishery managers to conserve essential fish habitat is presented.

United States, Analysis, Habitat (Ecology), Protection and preservation, Habitats, Fishery conservation, Aquatic ecological zones

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