The Centenary of Jens Warming’s Optimal Landing Tax in Fisheries

Submitted by Anonymous (not verified) on 1 March 2012
EfD Authors:

This note acknowledges Jens Warming's contributions (1911, 1931) on what has since come to be known as the open access problem in fisheries. Warming, in a static framework, suggested an optimal landing tax before Pigou (1920) and described the sole owner solution later suggested by Scott (1955b). I describe these results using Warming's framework and point to his previously overlooked contribution concerning the dynamic aspect of fisheries.

Fisheries