Author : Ian R. Smith
Publisher : Food & Agriculture Org.
ISBN 13 : 9789251021378
Total Pages : 32 pages
Book Rating : 4.0/5 (213 download)
Book Synopsis Territorial Use Rights and Economic Efficiency by : Ian R. Smith
Download or read book Territorial Use Rights and Economic Efficiency written by Ian R. Smith and published by Food & Agriculture Org.. This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the mechanics and implications of municipal concessions in the Philippines which govern the use of municipal waters for fish corrals, oyster culture beds and gathering of milkfish fry. These concessions or territorial use rights are awarded annually by the resource owner (the municipality) to the highest bidder. In the case of milkfish fry gathering, the concessionaire assumes monopsonist rights of first purchase from fry gatherers. The implications of this system for economic efficiency and equity are discussed theoretically with supporting data from milkfish fry concessions in Antique Province. It is concluded that the system increases economic efficiency in resource use and generates significant income for municipalities which they can then redistribute as they see fit, and therefore not necessarily for the special benefit of the fishermen.