Public and private management of renewable resources: Who gains, who loses?

Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest rates...

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Bibliographic Details
Main Authors: Quaas, Martin F., Stoeven, Max T.
Format: Report
Language:unknown
Subjects:
Arctic
Arctic cod
Northeast Arctic cod
Online Access:https://www.econstor.eu/bitstream/10419/88417/1/773881891.pdf
id ftrepec:oai:RePEc:zbw:cauewp:201202r
record_format openpolar
spelling ftrepec:oai:RePEc:zbw:cauewp:201202r 2023-05-15T14:30:25+02:00 Public and private management of renewable resources: Who gains, who loses? Quaas, Martin F. Stoeven, Max T. https://www.econstor.eu/bitstream/10419/88417/1/773881891.pdf unknown https://www.econstor.eu/bitstream/10419/88417/1/773881891.pdf preprint ftrepec 2020-12-04T13:42:19Z Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest rates up to open-access levels. This may explain why public resource management is often very inefficient. We further show that privatizing inefficiently managed resources would cause losses for resource users and factor owners, unless (a) the stock is severely depleted and (b) the discount rate is low. We quantify our results for the Northeast Arctic Cod fishery resource rent,consumer surplus,worker surplus,distribution,political economy Report Arctic cod Arctic Northeast Arctic cod RePEc (Research Papers in Economics) Arctic
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description Renewable resources provide society with resource rent and surpluses for resource users (the processing industry, consumers) and owners of production factors (capital and labor employed in resource harvesting). We show that resource users and factor owners may favor inefficiently high harvest rates up to open-access levels. This may explain why public resource management is often very inefficient. We further show that privatizing inefficiently managed resources would cause losses for resource users and factor owners, unless (a) the stock is severely depleted and (b) the discount rate is low. We quantify our results for the Northeast Arctic Cod fishery resource rent,consumer surplus,worker surplus,distribution,political economy
format Report
author Quaas, Martin F.
Stoeven, Max T.
spellingShingle Quaas, Martin F.
Stoeven, Max T.
Public and private management of renewable resources: Who gains, who loses?
author_facet Quaas, Martin F.
Stoeven, Max T.
author_sort Quaas, Martin F.
title Public and private management of renewable resources: Who gains, who loses?
title_short Public and private management of renewable resources: Who gains, who loses?
title_full Public and private management of renewable resources: Who gains, who loses?
title_fullStr Public and private management of renewable resources: Who gains, who loses?
title_full_unstemmed Public and private management of renewable resources: Who gains, who loses?
title_sort public and private management of renewable resources: who gains, who loses?
url https://www.econstor.eu/bitstream/10419/88417/1/773881891.pdf
geographic Arctic
geographic_facet Arctic
genre Arctic cod
Arctic
Northeast Arctic cod
genre_facet Arctic cod
Arctic
Northeast Arctic cod
op_relation https://www.econstor.eu/bitstream/10419/88417/1/773881891.pdf
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