Capturing Economic Rent

2021 ◽  
pp. 159-170
Author(s):  
Øystein Noreng
Keyword(s):  
Economic Rent

ANALISIS BIOEKONOMI PERIKANAN TUNA SIRIP KUNING DI LARANTUKA, KABUPATEN FLORES TIMUR, INDONESIA

2020 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Pratita Budi Utami ◽  
Tridoyo Kusumastanto ◽  
Nimmi Zulbainarni ◽  
Nisa Ayunda
Keyword(s):  
Local Community ◽  
International Markets ◽  
Yellowfin Tuna ◽  
Regional Government ◽  
Economic Rent ◽  
High Demand ◽  
Maximum Economic Yield ◽  
Fish Exploitation ◽  
Fishing Fleets ◽  
Tuna Fisheries

Tingginya permintaan tuna sirip kuning baik dalam memenuhi kebutuhan pasar mancanegara dan pasar lokal, berdampak pada keberlanjutan perikanan tuna tersebut. Wilayah perairan Flores Timur adalah salah satu lokasi migrasi bagi tuna sirip kuning; Kecamatan Larantuka merupakan tempat pendaratan terpenting bagi nelayan lokal handline tuna sirip kuning. Kegiatan perikanan tuna sirip kuning ini merupakan salah satu pendapatan utama bagi nelayan lokal dan pemerintah daerah setempat. Penelitian ini bertujuan untuk mengestimasi tingkat eksploitasi dan menganalisa rezim pemanfaatan dari perikanan handline tuna sirip kuning di Larantuka, Flores Timur. Model bioekonomi Fox dan Copes digunakan dalam penelitian untuk menganalisa tingkat lestari sumber daya tuna ekor kuning dari pendekatan input dan output. Hasil estimasi dari kedua model menunjukkan bahwa tingkat pemanfaatan sumber daya ikan tuna sirip kuning oleh nelayan lokal handline masih dalam zona lestari secara ekonomi dan ekologi. Maximum economic yield (MEY) merupakan strategi terbaik untuk mengelola keberlanjutan perikanan tuna sirip kuning di perairan Flores Timur. Melalui pengelolaan rezim MEY diperkirakan dapat menyerap tenaga kerja lebih dari 30 orang, peningkatan armada alat penangkapan sebanyak 25 unit dan pemasukan keuntungan secara ekonomi sebesar Rp68.123.060.000,00 per tahun.Title: Bioeconomic Analysis of Yellowfin Tuna Fishery in Larantuka of East Flores Regency, Indonesia The high demand for yellowfin tuna both in national and international markets has a consequence to the fish resources sustainability. Eastern Flores water is a major area of this tuna mobility; the district of Larantuka is the central port for local yellowfin tuna handline fisheries. These activities are substantial incomes for the local community and regional government. This study, therefore, aims to calculate fish exploitation level and to analyze appropriate management for yellowfin tuna fisheries in Larantuka, East Flores. The bioeconomics Fox and Copes models are used to evaluating the optimal fisheries from input and output approaches. The models’ applications demonstrated that yellowfin tuna handline fisheries are currently estimated sustainable both in ecology and economics. During the study period, the maximum economic yield (MEY) is a recommended strategy to manage yellowfin tuna fisheries in Larantuka, Eastern Flores. The strategy contributes to increasing the number of workers about 30 people, the number of fishing fleets about 25 units and reaching the economic rent  IDR 68.123.060.000,00 in a year

scholarly journals Changes in the lease and permanent sale quota markets of a rock lobster fishery in response to stock abundance

2015 ◽  
Vol 72 (5) ◽  
pp. 1555-1564 ◽  
Author(s):  
Rafael León ◽  
Caleb Gardner ◽  
Ingrid van Putten ◽  
Klaas Hartmann
Keyword(s):  
Granger Causality Test ◽  
Economic Rent ◽  
Rock Lobster ◽  
Markov Modelling ◽  
Causality Test ◽  
Individual Transferable Quotas ◽  
Theoretical Pattern ◽  
Lobster Fishery ◽  
Trade Market ◽  
Stock Abundance

AbstractEffective individual transferable quotas (ITQ) systems rebuild stocks and allow transfer of quotas to more efficient operators. This process requires functional markets for both quota sales and temporary quota leases. These markets are expected to respond to changes in economic rent from the fishery, which is influenced by stock abundance and the international rock lobster price. This research used multistate Markov modelling and Granger causality test to examine changes in the permanent and temporary quota trade in the Tasmanian rock lobster fishery quota market, during periods of both increasing and decreasing stock abundance. The permanent quota trade market was more active during the period of stock growth, while the quota lease market was active in both periods of stock growth and decline. In contrast to theoretical trends in ITQ fisheries, trades in both markets were not linked to the technical efficiency (i.e. catching capability) of operators, but were more driven by the quota owners' financial capacity (i.e. number of owned quotas). Prolonged and unexpected stock decline affected the quota market so that it deviated from the theoretical pattern of ITQ fisheries. Operators previously active in the market reduced their activity, while smaller operators and firms that previously had not traded became more active, so the fleet expanded with smaller operators entering.

scholarly journals Managing Multiple Sources of Competitive Advantage in a Complex Competitive Environment

2013 ◽  
Vol 5 (2) ◽  
pp. 221-251
Author(s):  
Alexandre Howard Henry Lapersonne
Keyword(s):  
Competitive Advantage ◽  
Competitive Environment ◽  
Economic Rent ◽  
Multiple Sources ◽  
Dynamic Markets ◽  
Multiple Strategies ◽  
Competitive Environments ◽  
Framework Approach ◽  
The Subject ◽  
Historical Nature

The aim of this article is to review the literature on the topic of sustained and temporary competitive advantage creation, specifically in dynamic markets, and to propose further research possibilities. After having analyzed the main trends and scholars’ works on the subject, it was concluded that a firm which has been experiencing erosion of its core sources of economic rent generation, should have diversified its strategy portfolio in a search for new sources of competitive advantage, ones that could compensate for the decline of profits provoked by intensive competitive environments. This review concludes with the hypothesis that firms, who have decided to enter and manage multiple competitive environments, should have developed a multiple strategies framework approach. The management of this source of competitive advantage portfolio should have allowed persistence of a firm’s superior economic performance through the management of diverse temporary advantages lifecycle and through a resilient effect, where a very successful source of competitive advantage compensates the ones that have been eroded. Additionally, the review indicates that economies of emerging countries, such as the ones from the BRIC block, should present a more complex competitive environment due to their historical nature of cultural diversity, social contrasts and frequent economic disruption, and also because of recent institutional normalization that has turned the market into hypercompetition. Consequently, the study of complex competition should be appropriate in such environments.

scholarly journals FEATURES AND PROSPECTS OF THE ECONOMIC RENT FROM WORKFORCE AND SOCIAL CONDITIONS IN UKRAINE

ScienceRise ◽  
2020 ◽  
pp. 17-24
Author(s):  
Larysa Bogush
Keyword(s):  
Social Capital ◽  
Global Economy ◽  
Social Conditions ◽  
Economic Rent ◽  
Economic Space ◽  
Research Results ◽  
Scientific Results ◽  
Permanent Increase ◽  
Human Component

Object of research: the article presents the results of studying the economic rent from workforce and social conditions (significant components of the important rent-forming resource of nowadays global economy – social capital) in Ukraine. Solved problem: determining the features of economic rent, outlining the conditions and prospects for increasing the rental income of the Ukrainian economy from the capitalization of workforce’ intellectual and creative qualities, as well as socium rent-generating conjunctures. Main scientific results: the role of the economic rent in the system of rental relations of the modern global economy and its national components is examined; the features of the formation and distribution of economic rent’ various types in the process of using the workforce’ intellectual and creative potential, as well as other components of the nowadays most significant type of rent-forming resources – social capital – are studied. The specificity of human component and social capital in general as a rent-generating resource is manifested in the generation of additional prerequisites (resource, organizational and economic) and incentives to increase volumes and expand potential areas for extracting rent income in the process of its use, since the using of the employee’ knowledge and abilities leads to a consistent accumulation of professional experience, and consequently – to a permanent increase in the aggregate of these rent-generating properties and in activities for improving the environment of their implementation in Ukraine. Scope of practical use of research results: the research results can be used in developing strategies and programs of Ukrainian economy’ innovative diversification in the process of its further competitive integration into the global economic space, that, among other things, requires the creation of conditions for improving the rent-generating properties of workforce and social environment, as well as increasing the level of its capitalization.

City-States, Taxes, and Trade

2018 ◽  
pp. 286-305
Author(s):  
Alain Bresson
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Ancient Greece ◽  
Economic Rent ◽  
Economic Information ◽  
Tax Exemptions ◽  
Maritime Shipping ◽  
City States ◽  
The Right ◽  
Taxation System

This chapter examines the taxation system for trade and commerce in ancient Greece. It first considers how foreign trade and customs duties were supervised before discussing the system of taxation for maritime trade. Citing documents concerning tax exemptions, the chapter shows that traders were constantly seeking privileges in an effort to avoid paying taxes. Maritime shipping was the quickest and least expensive way to move goods, and ports were levied the highest amount of taxes. Cities situated on the coastline benefited from an economic rent related to their location, and they exploited their natural advantage to the maximum. A city had the right to levy transit fees on its own territory, but not if these fees were levied on a maritime channel. The chapter also emphasizes the importance of economic information in maritime commerce, especially with regard to ensuring the security of international trade.

What is the value of standing timber?: Difficulties in merging theory with reality

1993 ◽  
Vol 69 (6) ◽  
pp. 680-685 ◽  
Author(s):  
Martin K. Luckert ◽  
Jean-Thomas Bernard
Keyword(s):  
Economic Theory ◽  
Key Words ◽  
Imperfect Competition ◽  
Decision Makers ◽  
Economic Rent ◽  
Tenure System ◽  
Forestry Sector ◽  
Forest Tenure ◽  
Residual Values ◽  
Standing Timber

Traditional residual conversion return methods of stumpage appraisal, although consistent with economic theory, are not appropriate for the forestry sector in Canada. Imperfect competition, dynamic residual values, and the forest tenure system pose complications which prevent such methods from adequately representing stumpage values. In developing new stumpage fee systems, decision makers will have to consider these complications and assess whether and how residual conversion return methods may be adjusted to adequately reflect the value of standing timber. Key words: stumpage, residual conversion return, wood values, economic rent

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