EconStor >
Christian-Albrechts-Universität Kiel (CAU) >
Department of Economics, Universität Kiel  >
Economics Working Papers, Department of Economics, CAU Kiel >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/55521
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorStoeven, Max T.en_US
dc.contributor.authorQuaas, Martin F.en_US
dc.date.accessioned2012-02-17en_US
dc.date.accessioned2012-02-20T11:40:10Z-
dc.date.available2012-02-20T11:40:10Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55521-
dc.description.abstractRenewable resources can provide society with (i) resource rent, (ii) consumer surplus and (iii) worker surplus in resource harvesting. In a dynamic analysis we show that privatization increases the present values of consumer surplus and worker surplus if harvesting costs do not depend on the resource stock. If they do, consumers and workers tend to lose from privatization and indeed prefer open-access if the discount rate is sufficiently high. Applying the analysis to the North-east Arctic Cod fishery, we find that socially efficient privatization would increase the present value of resource rent by 1.1 billion USD, while the present value of consumer surplus would decrease by 0.4 billion USD. These diverging interests may explain why rent dissipation often persists even if use rights could be defined and enforced.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Economics Kielen_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2012-02en_US
dc.subject.jelD33en_US
dc.subject.jelD72en_US
dc.subject.jelQ21en_US
dc.subject.jelQ28en_US
dc.subject.ddc330en_US
dc.subject.keywordresource renten_US
dc.subject.keywordconsumer surplusen_US
dc.subject.keywordworker surplusen_US
dc.subject.keyworddistributionen_US
dc.subject.keywordpolitical economyen_US
dc.subject.stwErneuerbare Ressourcenen_US
dc.subject.stwPrivatisierungen_US
dc.subject.stwFischereien_US
dc.subject.stwRententheorieen_US
dc.subject.stwKonsumentenrenteen_US
dc.subject.stwArbeiteren_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titlePrivatizing renewable resources: Who gains, who loses?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn685599000en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cauewp:201202-
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

Files in This Item:
File Description SizeFormat
685599000.pdf1.81 MBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.