Appropriation of economic values in a rights-based fishery

This study integrates resource-based and stakeholder theories to explore how values are generated appropriated in a rights-based fishery. We argue that the fish harvesting industry, firm's ability create is critically dependent on stakeholders outside boundaries, such as society general (the principal owner of natural resource) fisheries management government. The latter protects resource from being overfished, it decides who will get rights fish. empirical context seagoing Norwegian purse seine fleet, which has gradually created significant relative revenues through 32-year period (1985–2016). Specifically, value appropriation between key under stepwise, more liberalized individual transferable quota system described analyzed. findings show vessel owners' share added increased approximately 7% 1985 45% 2016. Conversely, labor dropped 75% 42% during period. society's (corporate taxes) −5% (net subsidies) +9% tax income). present concludes by discussing their policy implications.