This presentation provides an introduction to the FAO-World Bank Rent Drain Study. The objective of the study is to present the story of the world's depleted and overexploited marine fisheries in economic terms.
The study develops an economic justification at the global level for restoring the health of fish stocks....
This paper estimates current resource rents being generated in the Icelandic cod fishery and compares them to the maximum sustainable attainable ones. For this purpose a simple aggregative model of the cod fishery is specified and empirically estimated. It is found that in spite of the cod stock being in...