Property rights in a fishery: regulatory change and firm performance
|Collections||ANU Fenner School of Environment & Society|
|Title:||Property rights in a fishery: regulatory change and firm performance|
|Author(s):||Fox, Kevin J|
|Publisher:||Canberra, ACT: Centre for Resource and Environmental Studies (CRES), Institute of Advanced Studies, The Australian National University|
|Series/Report no.:||Economics and Environment Network (EEN) Papers (The Australian National University): No. 0205|
A new method is introduced and applied to analyze changes in productivity of firms harvesting a natural capital stock. The index-number technique decomposes the contributions of output prices, variable input prices, fixed inputs and productivity to firm profits, adjusted for changes in the natural capital stock. An application of the method is given using micro-level data from a common-pool resource. The indexes provide a ready-made comparison of all firms to the most profitable firm per unit of resource stock. Benchmarking with the decompositions also allowsfirms and regulators to determine what components are contributing most to economic profits and improve overall industry performance.
|een0205.pdf||552.22 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.