Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation
Fishermen around the world are usually remunerated with shares. Iceland is no exception in that respect. The fixed wage systems that have been tried out have been short-lived and their utilization limited. The fundamental question asked in this paper is: Why do almost all vessel owners use the same...
Main Author: | |
---|---|
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
Research in applied business and economics
2003
|
Subjects: | |
Online Access: | https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2 |
id |
fticelandunivojs:oai:ojs.pkp.sfu.ca:article/2280 |
---|---|
record_format |
openpolar |
spelling |
fticelandunivojs:oai:ojs.pkp.sfu.ca:article/2280 2023-08-20T04:07:23+02:00 Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation Matthíasson, Þórólfur 2003-06-15 application/pdf https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2 eng eng Research in applied business and economics Tímarit um viðskipti og efnahagsmál https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2/pdf https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2 Copyright (c) 2016 Tímarit um viðskipti og efnahagsmál Research in applied business and economics; Vol. 1 No. 1 (2003); 89-108 Tímarit um viðskipti og efnahagsmál; Bnd. 1 Nr. 1 (2003); 89-108 1670-4851 1670-4444 Remuneration system in fisheries contingent renewal vertically integrated fishing firms D33 J33 J41 L79 Q22 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 2003 fticelandunivojs 2023-08-01T12:29:31Z Fishermen around the world are usually remunerated with shares. Iceland is no exception in that respect. The fixed wage systems that have been tried out have been short-lived and their utilization limited. The fundamental question asked in this paper is: Why do almost all vessel owners use the same remuneration principles? The answer offered is that the circumstances under which fishing is conducted play a vital role. Surveillance of the conduct of employees is almost impossible. Hence, vessel owners must develop some system for motivating workers and discouraging shirking. It is shown that sharing is better than alternative forms of remuneration in that respect. The production unit is a small platform that is not easily abandoned during a trip. The product of a given trip is well defined. All of these factors help to explain the prevalence of sharing in fisheries. The model of the paper can also shed some light on the on-going conflict between vessel owners and fishermen unions in Iceland in the 1990s. Article in Journal/Newspaper Iceland University of Iceland: Peer Reviewed Journals |
institution |
Open Polar |
collection |
University of Iceland: Peer Reviewed Journals |
op_collection_id |
fticelandunivojs |
language |
English |
topic |
Remuneration system in fisheries contingent renewal vertically integrated fishing firms D33 J33 J41 L79 Q22 |
spellingShingle |
Remuneration system in fisheries contingent renewal vertically integrated fishing firms D33 J33 J41 L79 Q22 Matthíasson, Þórólfur Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
topic_facet |
Remuneration system in fisheries contingent renewal vertically integrated fishing firms D33 J33 J41 L79 Q22 |
description |
Fishermen around the world are usually remunerated with shares. Iceland is no exception in that respect. The fixed wage systems that have been tried out have been short-lived and their utilization limited. The fundamental question asked in this paper is: Why do almost all vessel owners use the same remuneration principles? The answer offered is that the circumstances under which fishing is conducted play a vital role. Surveillance of the conduct of employees is almost impossible. Hence, vessel owners must develop some system for motivating workers and discouraging shirking. It is shown that sharing is better than alternative forms of remuneration in that respect. The production unit is a small platform that is not easily abandoned during a trip. The product of a given trip is well defined. All of these factors help to explain the prevalence of sharing in fisheries. The model of the paper can also shed some light on the on-going conflict between vessel owners and fishermen unions in Iceland in the 1990s. |
format |
Article in Journal/Newspaper |
author |
Matthíasson, Þórólfur |
author_facet |
Matthíasson, Þórólfur |
author_sort |
Matthíasson, Þórólfur |
title |
Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
title_short |
Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
title_full |
Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
title_fullStr |
Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
title_full_unstemmed |
Fixed Wage or Share: Contingent Contract Renewal and Skipper Motivation |
title_sort |
fixed wage or share: contingent contract renewal and skipper motivation |
publisher |
Research in applied business and economics |
publishDate |
2003 |
url |
https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Research in applied business and economics; Vol. 1 No. 1 (2003); 89-108 Tímarit um viðskipti og efnahagsmál; Bnd. 1 Nr. 1 (2003); 89-108 1670-4851 1670-4444 |
op_relation |
https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2/pdf https://ojs.hi.is/index.php/efnahagsmal/article/view/a.2003.1.1.2 |
op_rights |
Copyright (c) 2016 Tímarit um viðskipti og efnahagsmál |
_version_ |
1774718982263144448 |