Reforming resource rent policy: an information economics perspective |
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| Institution: | 1. Université de Rennes 1, LTSI, Rennes, France;2. INSERM, U1099, Rennes, France;3. Service de Cardiologie, CHU Tours, Tours, France;4. CIC-IT U 804, CHU Rennes, Université Rennes 1, Rennes, France;5. Service de Cardiologie, CHU Rennes, Rennes, France;6. Service de Médecine du Sport, CHU Rennes, Rennes, France;1. Department of Wood Science and Engineering, Oregon State University, 119 Richardson Hall, Corvallis, OR 97331, United States;2. Kristiania University College, PB 1190 Sentrum, 0107, Oslo, Norway;1. Departamento de Economía, Universidad de Concepción, Concepción, Chile;2. Interdisciplinary Center for Aquaculture Research (INCAR), Concepción, Chile;3. EfD-Chile, Concepción, Chile;4. Department of Resource Economics, University of Massachusetts, Amherst, MA 01003, USA |
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| Abstract: | Efficient management of natural resources requires that the least cost fishers operate in a fishery. Information economics tells us that firms have information about their costs that governments cannot readily acquire, and that we need to ensure this information is revealed in order to allocate access efficiently. Auctions can achieve this, and simultaneously collect resource rent to give industry ongoing efficiency motivation. This paper highlights the relevance of information economics in fishery management, and identifies some specific auction design issues relevant to allocating new aquaculture sites. |
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