Resource Rents and Management Regimes: The Case of the Western Channel Sole Fishery

TROND BJORNDAL; MINTEWAB BEZABIH

doi:10.5950/0738-1360-25.3.325

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TROND BJORNDAL,^1,* MINTEWAB BEZABIH^1,*

¹CEMARE, University of Portsmouth

^*Trond Bjorndal is a professor, CEMARE, University of Portsmouth, St. George's Building 141 Highstreet PO12HY, Portsmouth, United Kingdom (email: Trond.bjorndal@port.ac.uk). Mintewab Bezabih is a research fellow, CEMARE, University of Portsmouth, St. George's Building 141 Highstreet PO12HY, Portsmouth, United Kingdom (email: Mintewab.bezabih@port.ac.uk).

Abstract

Understanding the economic and biological status of a fishery resource is critical to designing efficient management policies. In one such attempt, this article assesses current and potential rents in the sole fishery in the English Channel. The sole fishery is found to experience rent dissipation due to significant disinvestment in the stock and substantial fleet overcapacity. The analysis also investigates alternative paths of attaining the optimal stock level.

JEL Classification Codes: C65, H23, Q22

Citation Download Citation

TROND BJORNDAL and MINTEWAB BEZABIH "Resource Rents and Management Regimes: The Case of the Western Channel Sole Fishery," Marine Resource Economics 25(3), 325-331, (1 September 2010). https://doi.org/10.5950/0738-1360-25.3.325

Published: 1 September 2010