TY - JOUR
T1 - Rent capture in a rights-based fishery
AU - Grafton, R. Quentin
PY - 1995/1
Y1 - 1995/1
N2 - The paper compares four methods of rent capture in a fishery managed with individual transferable quotas using simulations from a unit profit function. Some theoretical properties of a quota rental charge, profit charge, lump sum charge, and an ad valorem royalty are examined and then compared in simulations in terms of the distribution of profits, distortions to the fishery, the relative burden on fishers, and flexibility to adjust to changes in the fishery.
AB - The paper compares four methods of rent capture in a fishery managed with individual transferable quotas using simulations from a unit profit function. Some theoretical properties of a quota rental charge, profit charge, lump sum charge, and an ad valorem royalty are examined and then compared in simulations in terms of the distribution of profits, distortions to the fishery, the relative burden on fishers, and flexibility to adjust to changes in the fishery.
UR - http://www.scopus.com/inward/record.url?scp=0003081220&partnerID=8YFLogxK
U2 - 10.1006/jeem.1995.1004
DO - 10.1006/jeem.1995.1004
M3 - Article
AN - SCOPUS:0003081220
SN - 0095-0696
VL - 28
SP - 48
EP - 67
JO - Journal of Environmental Economics and Management
JF - Journal of Environmental Economics and Management
IS - 1
ER -