Wealth-based fisheries management and resource rent capture: An application to the Maldives marine fisheries

Wealth-based fisheries management and resource rent capture: An application to the Maldives marine fisheries

Primary Country: Maldives
Ecosystem: species
Sample Value Estimates:
(a) $51.2 million is potential resource rent of Maldivian fisheries using Threshold model (b) $49.2 million is the resource rent using the CYP surplus production model. Achieving maximum economic yield is predicted by the Threshold model to require an effort level of 163,500 fishing trips and by the CYP model 136,675 trips, the catches in each case being 117,581 and 103,163 ton.
Methodology: Threshold model, CYP surplus production model
Region: Asia

Publication information

Sunan, H. Whitmarsh, D. “Wealth-based fisheries management and resource rent capture: An application to the Maldives marine fisheries” Marine Policy 34, 389-394., 2010

Addtional Notes

To estimate the resource rent, first a production model was derived based on catch and effort data. Then, information on prices and harvesting expenditures was used to obtain the relevant value and cost functions. The labour and capital that constitute fishing effort are assumed to have an opportunity cost, and their use in other sectors of the economy represents a real efficiency gain. Resource rent is a measure of the economic benefit, and is maximised at maximum economic yield (MEY).

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