Property rights in a fishery: regulatory change and firm performance

Date

2002

Authors

Fox, Kevin J
Kirkley, James
Squires, Dale
Grafton, Quentin

Journal Title

Journal ISSN

Volume Title

Publisher

Canberra, ACT: Centre for Resource and Environmental Studies (CRES), Institute of Advanced Studies, The Australian National University

Abstract

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.

Description

Keywords

productivity, profits, natural capital, index numbers

Citation

Source

Type

Working/Technical Paper

Book Title

Entity type

Access Statement

Open Access

License Rights

DOI

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