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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
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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 

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