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dc.contributor.authorRoland, B.-E.
dc.contributor.authorFäre, Rolf
dc.contributor.authorGrosskopf, Shawna
dc.contributor.authorWeber, William L.
dc.date.accessioned2007-04-23T09:05:32Z
dc.date.available2007-04-23T09:05:32Z
dc.date.issued2005-10
dc.description.abstractThe Norwegian salmon farming industry is one of the most important Norwegian export industries. The industry is also regulated to secure balanced and sustainable development. Current regulatory practice consists of licensing access to sea water. The government recently set an upper bound on the license fees; the purpose of our paper is to estimate the shadow price of the property right to determine whether the current license fee limit is 'too low' as claimed by critics. We model the production process with a directional input distance function; output includes sold salmon as well as the increased biomass of salmon inventory. Inputs include labor, feed, pen capacity, fingerlings, capital, and other variable costs. We estimate a quadratic frontier directional distance function; our mean estimate of the shadow value of the licenses is below the current price ceiling, but has a range such that the upper bound on license fees is binding for some salmon farmers.en
dc.format.extent197285 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10037/938
dc.identifier.urnURN:NBN:no-uit_munin_742
dc.language.isoengen
dc.publisherUniversitetet i Tromsøen
dc.publisherUniversity of Tromsøen
dc.relation.ispartofseriesWorking paper series in economics and management, 2005,nr 7en
dc.rights.accessRightsopenAccess
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213en
dc.titleLicense fees. The case of Norwegian salmon farmingen
dc.typeWorking paperen
dc.typeArbeidsnotaten


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