Return on Capital and Management Reforms in Norway’s Fisheries
研究了挪威渔业中部分实施且限制转让的个人可转让配额制度如何影响资本回报，发现船用资本回报上升但总资本回报停滞或下降。
Individual transferrable quotas (ITQs) are used in Norway’s fisheries, but only partly and with restrictions on transferability. This paper examines how this has affected return on capital. The return on boat capital in three of four fisheries examined has increased since ITQs were introduced. A part of this increase is due to an increase in value of fish landings, but accounting for that still leaves room for increases due to ITQs. Return on total capital (including quota value) has either stagnated or fallen. This is consistent with the rate of return in ITQ fisheries being comparable with other industries in the long run. <i></i>