IDEAS home Printed from https://ideas.repec.org/a/ucp/mresec/doi10.1086-692074.html
   My bibliography  Save this article

Profit and Resource Rent in Fisheries

Author

Listed:
  • Ola Flaaten
  • Knut Heen
  • Thórólfur Matthíasson

Abstract

The difference between the concepts of profit and rent are discussed theoretically and by using aggregated data from the Icelandic and Norwegian fish harvesting industries. The former is a basic indicator for gauging the business performance of firms and industries, and the latter is important for the evaluation of the economic welfare contribution of resources and industries. The importance of distinguishing between profit and rent is greater for fisheries under strict management control, such as those with quotas and licenses, than those with more open access. It was found that profit is lower than rent in both countries. Policy implications are discussed.

Suggested Citation

  • Ola Flaaten & Knut Heen & Thórólfur Matthíasson, 2017. "Profit and Resource Rent in Fisheries," Marine Resource Economics, University of Chicago Press, vol. 32(3), pages 311-328.
    • Handle: RePEc:ucp:mresec:doi:10.1086/692074
    DOI: 10.1086/692074
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/692074
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/692074
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/692074?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Byrne, Conor & Oostdijk, Maartje & Agnarsson, Sveinn & Davidsdottir, Brynhildur, 2024. "The Transitional Gains Trap in Grandfathered Individual Transferable Quota Fisheries," Ecological Economics, Elsevier, vol. 215(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:mresec:doi:10.1086/692074. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MRE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.