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On November 7, ISET hosted Professor Rögnvaldur Hannesson of the Norwegian School of Economics, who gave a presentation entitled ‘Tradable Fish Quotas and Return on Capital in Norwegian Fisheries’.
Dr. Hannesson started by defining a key problem facing the Norwegian fishing industry. Water basins are generally considered to be common property, as well as the fish inside them, and so fishermen consider water basins as an unlimited resource for their profit. However, this problem usually leads to a situation wherein fishermen use more effort to catch a fish than the revenue returns their work brings. Dr. Hannesson explained that there are two ways to solve the problem: the introduction of taxation or quotas. Dr. Hannesson used data from the Norwegian fishing industry to check whether the introduction of quotas does indeed help to solve the problem of overfishing and to increase return on capital in this industry.
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ISET’s international experiences are continuing to diversify, as APRC researchers gave a series of presentations at the “Regional and International Cooperation in Central Asia and South Caucasus: Recent Developments in Agricultural Trade” conference which took in Samarkand, Uzbekistan, between November 1-4. The conference was jointly organized by the Leibniz Institute of Agricultural Development in Transition Economies (IAMO), the Food and Agriculture Organization of the United Nations (FAO) and the Samarkand Agricultural Institute.
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