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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Kiel: Kiel University, Department of Economics
2013
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ftzbwkiel:oai:econstor.eu:10419/88417 2024-01-21T10:02:44+01:00 Public and private management of renewable resources: Who gains, who loses? Quaas, Martin F. Stoeven, Max T. 2013 http://hdl.handle.net/10419/88417 eng eng Kiel: Kiel University, Department of Economics Series: Economics Working Paper No. 2012-02 [rev.] gbv-ppn:773881891 http://hdl.handle.net/10419/88417 RePEc:zbw:cauewp:201202r http://www.econstor.eu/dspace/Nutzungsbedingungen ddc:330 Q28 D33 D72 Q57 resource rent consumer surplus worker surplus distribution political economy doc-type:workingPaper 2013 ftzbwkiel 2023-12-25T00:46:55Z 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 Report Arctic cod Arctic Northeast Arctic cod EconStor (German National Library of Economics, ZBW) Arctic |
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Open Polar |
collection |
EconStor (German National Library of Economics, ZBW) |
op_collection_id |
ftzbwkiel |
language |
English |
topic |
ddc:330 Q28 D33 D72 Q57 resource rent consumer surplus worker surplus distribution political economy |
spellingShingle |
ddc:330 Q28 D33 D72 Q57 resource rent consumer surplus worker surplus distribution political economy Quaas, Martin F. Stoeven, Max T. Public and private management of renewable resources: Who gains, who loses? |
topic_facet |
ddc:330 Q28 D33 D72 Q57 resource rent consumer surplus worker surplus distribution political economy |
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 |
format |
Report |
author |
Quaas, Martin F. Stoeven, Max T. |
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? |
publisher |
Kiel: Kiel University, Department of Economics |
publishDate |
2013 |
url |
http://hdl.handle.net/10419/88417 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic cod Arctic Northeast Arctic cod |
genre_facet |
Arctic cod Arctic Northeast Arctic cod |
op_relation |
Series: Economics Working Paper No. 2012-02 [rev.] gbv-ppn:773881891 http://hdl.handle.net/10419/88417 RePEc:zbw:cauewp:201202r |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
_version_ |
1788692974459158528 |