Separating resource rents from intra-marginal rents in fisheries economics survey data

Coglan, Louisa & Pascoe, Sean (1999) Separating resource rents from intra-marginal rents in fisheries economics survey data. Agricultural and Resource Economics Review, 28(2), pp. 219-228.

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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.

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ID Code: 77949
Item Type: Journal Article
Refereed: No
Keywords: Resource, Energy Economics and Policy
ISSN: 1068-2805
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Deposited On: 29 Oct 2014 22:53
Last Modified: 29 Oct 2014 22:53

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