Frisch seminar: Anders Skonhoft

Natural resources and rents. Capture fisheries and fish farming

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Natural resources can produce rents. Resource rent an extraordinary value derived from exploiting natural resources. Super profit that remains after the cost of exploitation and after the normal return to capital. Result of significance demand and relative scarce in nature (often non-reproductive resources). But scarcity may also be due to regulation; ‘sustanability’, safety, concession control, and so forth.

Here I basically associate rent with scarcity, regulation (kind of artificial scarcity) and high demand. Distinction between natural resource rent and Ricardian rent (‘grunnrente). Also distinction between intramarginal rent and regulatory rent.



Published July 29, 2021 1:05 PM - Last modified Oct. 14, 2021 2:14 PM