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Fisheries management in Iceland and J. Warming's contribution to the economics of the fisheries

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  • Gylfi Gislason

    (University of Iceland)

Abstract

In this paper I argue that the origin of the economics of the fisheries can !be traced back to a Danish Professor Jens Warming. In 1911 he published an article comparing the rent available from fishing grounds and land. He pointed out a common property qualification that open access fishing without charge tends to decrease the rent from fishing. He also discussed how to price fishing licenses to restrict the amount of fishing. In light of Warming's contributions I also briefly discuss the construction of fishing licences in Iceland since 1984.

Suggested Citation

  • Gylfi Gislason, 1995. "Fisheries management in Iceland and J. Warming's contribution to the economics of the fisheries," Finnish Economic Papers, Finnish Economic Association, vol. 8(1), pages 56-58, Spring.
    • Handle: RePEc:fep:journl:v:8:y:1995:i:1:p:56-58
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    File URL: http://taloustieteellinenyhdistys.fi/images/stories/fep/f1995_1e.pdf
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    References listed on IDEAS

    as
    1. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    2. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 116-116.
    3. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
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    Cited by:

    1. Manuel Pacheco Coelho, 2011. "“On Rents of Fishing Grounds” Revisited," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 1(2), pages 1-74.

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    More about this item

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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