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- W1489641553 abstract "Taxing pure rents is usually considered the least distortionary method for raising revenues. In the literature on fishery economics, the term rent is regularly employed, suggesting that pure rents exist in that sector. Indeed, with the recent development of individual transferable quotas, the resulting market value of quota has been treated as reflecting pure resource rents. In this paper, the view that the market value of quota represents a pure rent that can be readily extracted in a nondistortionary manner by the taxing authority is challenged because that argument ignores both economic incentives and political realities." @default.
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- W1489641553 date "1995-12-01" @default.
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- W1489641553 title "Implications of Taxing Quota Value in an Individual Transferable Quota Fishery" @default.
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- W1489641553 doi "https://doi.org/10.1086/mre.10.4.42629125" @default.
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