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Jens Warming (1931) on Open Access, Pigovian Tax, and Property Rights

Håkan Eggert ()

No 401, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: This article summarizes the contribution in fisheries economics by the Danish economist Jens Warming and gives a translation of his article “Aalegaardsretten” (The Danish Right to Eel Weir, 1931). Warming, provides an early reference on the problem of open access, precedes Arthur Pigou in suggesting an optimal tax as a correction measure, which I refer to as a Warming landing tax in fisheries, and explains how property rights in fisheries will lead to maximized resource rent and prevent overfishing. What is missing in Warming’s description of the problem is the dynamic aspect and that the economics of natural resources should be analyzed in a capital theoretic framework, which was later established by Anthony Scott (1955a; 1955b).

Keywords: Common pool resource management; fisheries; optimal tax; Pigou tax; property rights (search for similar items in EconPapers)
JEL-codes: B20 H20 Q20 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2009-12-01
New Economics Papers: this item is included in nep-env, nep-pub and nep-res
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