Resource rent in aquaculture

Publisher's web site for this book at https://www.fagbokforlaget.no/Contributions-in-natural-resource-economics/I9788245024715.Resource rent in aquaculture (RRA) is any payment to a farm and site owner, on land or sea, in excess of the costs needed to bring that farm into production. For analytic and policy purposes it may be useful to distinguish among different types of RRA. Three types will be discussed: rent associated with the classical economists Ricardo (1821) and Faustmann (1849), as well as oligopoly rent from access regulation (licensing) and hampered output. The latter can arise in the case of downward sloping demand for a particular type of seafood from an aquaculture country. The similarities and differences among these types of rent are discussed and the distinctions between business economics indicators and RRA are clarified. The theory is applied to the case of Atlantic salmon in Norway and white leg shrimp in Vietnam. Based on cost and revenue data for 2016 from 84 firms from the Directorate of Fisheries in Norway; and for 2014 from 318 farms and for 2016 for 120 farms from two surveys in Vietnam, both business economics and RRA indicators are calculated, after revealing the cost structure of the farms. In theory, the RRA rate may be higher or lower than the profit rate, depending on the capital structure and intensity of the firms. The analysis demonstrates very high profit and rent margins in the Norwegian salmon industry, and lower, but positive ones in Vietnam. However, the profit and rent rates are much higher in Vietnam due to the low capital intensity of the shrimp industry

Impacts of Payment for Forest Ecosystem Services on Local livelihoods in A Luoi District, Thua Thien Hue Province, Viet Nam

This paper analyses the impacts of the national Payment for Forest Environmental Services (PFES) policy in A Luoi district, Thua Thien Hue province, Viet Nam. There are mixed impacts of PFES in A Luoi district. While some surveyed households have experienced increases in income since PFES, for many other incomes have fallen. Our findings show PFES impacts on local communities and individuals are limited because most forest areas are managed by state agencies, leaving only 17.9% of PFES payments being channeled to these groups, while the rest goes to state government agencies and commune people’s committees. This disparity in PFES payments has further widened the income gap between state agencies and local households.  PFES payments currently contribute little to household incomes, averaging only 2.64% of total earnings. PFES has little impact and additionality in advancing land tenure security and reducing natural forest product exploitation for generating income as impacts are similar to those found in non-PFES villages. PFES poverty reduction impacts vary from village to village, but in general, percentages of poor households receiving PFES payments range from 1% to 59%

THE DETERMINANTS OF POVERTY IN THE MEKONG RIVER DELTA KEY ECONOMIC ZONE IN VIETNAM

This paper investigates the determinants of poverty in Mekong River Delta Key Economic Zone in Vietnam for a sample of 604 households in Can Tho province, An Giang province, KienGiang province and Ca Mau province in 2012. Explanatory variables include demographic, nature, region, finance and physical. Using Binary Logistics regression, results show the complexity of the issues, wherein the financial variable has been the most important influence of poverty in this area

Online Load Balancing for Network Functions Virtualization

Network Functions Virtualization (NFV) aims to support service providers to deploy various services in a more agile and cost-effective way. However, the softwarization and cloudification of network functions can result in severe congestion and low network performance. In this paper, we propose a solution to address this issue. We analyze and solve the online load balancing problem using multipath routing in NFV to optimize network performance in response to the dynamic changes of user demands. In particular, we first formulate the optimization problem of load balancing as a mixed integer linear program for achieving the optimal solution. We then develop the ORBIT algorithm that solves the online load balancing problem. The performance guarantee of ORBIT is analytically proved in comparison with the optimal offline solution. The experiment results on real-world datasets show that ORBIT performs very well for distributing traffic of each service demand across multipaths without knowledge of future demands, especially under high-load conditions

Middlemen: good for resources and fishermen?

Submitted manuscript version. Published version available at https://doi.org/10.1017/S1355770X19000196. This paper studies the role of middlemen in open-access fisheries and how the organization of the supply chains affects resource exploitation and the level and distribution of economic rent. Imperfect competition among middlemen can help ensure that fish stocks are not depleted, which is typically the case in open-access fisheries with competitive markets. Middlemen with market power can also induce higher economic rent for the supply chain in total, but these rents mainly benefit the middlemen. The supply chains of inshore anchovy and offshore skipjack tuna fisheries in Vietnam are used as empirical examples. The analysis shows that in the anchovy supply chain, the middlemen have insignificant market power and the stock is being overexploited. In the skipjack tuna supply chain, the middlemen have oligopsony power and the stock is higher than the level that produces maximum sustainable yield

Straightforward Procedure for Laboratory Production of DNA Ladder

DNA ladder is commonly used to determine the size of DNA fragments by electrophoresis in routine molecular biology laboratories. In this study, we report a new procedure to prepare a DNA ladder that consists of 10 fragments from 100 to 1000 bp. This protocol is a combination of routinely employed methods: cloning, PCR, and partial digestion with restriction enzymes. DNA fragments of 100 bp with unique restriction site at both ends were self-ligated to create a tandem repeat. Once being cloned, the tandem repeat was rapidly amplified by PCR and partially digested by restriction enzymes to produce a ladder containing multimers of the repeated DNA fragments. Our procedure for production of DNA ladder could be simple, time saving, and inexpensive in comparison with current ones widely used in most laboratories

Middlemen-Good for Resource and Fishermen? An Economic Analysis of a Common Fisheries Institution in Developing Countries

The debate about whether international trade actually benefits for resource and all stakeholders in the chain is still unsettled. Even the benefits of international trade were addressed in some articles, the question about which signals for policy makers intervene in the market is still being raised. This paper attempts to model how an increase of the world market price is distributed backward to all stakeholders in the fish chain with two different aspects of the market structure: the competitive market and the power market. Based on this model, three key interesting issues are concerned: the ex-vessel price, the rents of stakeholders and the fish stock. The results showed that an increased world market price leads to an increased ex-vessel price, a decreased fish stock and thereby bring more rent for both fishermen and middlemen or at least for one of the parties in the chain. Interestingly, a monopsonistic middleman is likely to keep the maximum ex-vessel price as the price at maximum sustainable yield level and thereby assure that the fish stock is not reduced below its level. The theoretical findings are demonstrated by exploiting a numerical example on the export skipjack tuna fish chain in Nha Trang city, Vietnam

TÍNH HIỆU QUẢ CỦA MÔ HÌNH CARHART CHO CÁC CỔ PHIẾU THUỘC NHÓM NGÀNH TÀI CHÍNH, BẢO HIỂM VÀ NGÂN HÀNG – TIẾP CẬN VỚI PHƯƠNG PHÁP HỒI QUY PHÂN VỊ

Quantile regression is a very powerful tool for financial research and risk analysis when a market encounters shocks. In this paper, we use the quantile regression method to assess the parameters of the Carhart model for four factors: market return, equity size, value size, and momentum and test the validity of this model for shares in the financial, banking and insurance businesses when shocking news appears in the financial market. The results show that when the financial market is unstable, the firm capitalization (size), the book-to-market ratio, and the momentum affect the stock returns.Hồi quy phân vị là một công cụ hiệu quả trong nghiên cứu tài chính và phân tích rủi ro khi thị trường có các cú sốc. Nghiên cứu này đánh giá tác động của các nhân tố thị trường, quy mô, giá trị và xu hướng sinh lợi trong quá khứ (momentum) đến lợi suất của các cổ phiếu thuộc nhóm ngành tài chính, bảo hiểm và ngân hàng niêm yết trên sàn giao dịch chứng khoán Thành phố Hồ Chí Minh (HOSE) khi thị trường có các cú sốc bằng phương pháp hồi quy phân vị. Kết quả cho thấy khi thị trường tài chính bất ổn  chỉ có các nhân tố như chỉ số quy mô công ty, chỉ số giá trị của công ty và xu hướng sinh lợi trong quá khứ tác động tới lợi suất cổ phiếu

THE DETERMINANTS OF POVERTY IN THE MEKONG RIVER DELTA KEY ECONOMIC ZONE IN VIETNAM

This paper investigates the determinants of poverty in Mekong River Delta Key Economic Zone in Vietnam for a sample of 604 households in Can Tho province, An Giang province, KienGiang province and Ca Mau province in 2012. Explanatory variables include demographic, nature, region, finance and physical. Using Binary Logistics regression, results show the complexity of the issues, wherein the financial variable has been the most important influence of poverty in this area

Factors Affecting Business Performance: Expanding Theoretical Measurements

Purpose: The article aims to expand a scale system of factors that impacts on business performance.   Theoretical framework: The paper based on the empirical data collected from various types of participants, including accountants (for information providing), managers (for decision-making), sales staff (for work), and lecturers (for research) in Vietnam.   Design/methodology/approach: By descriptive and comparative statistical analysis of SPSS 20 software with 124 valid observations, the survey has proposed the scale system of influencing factors (03 groups of external factors, 05 groups of internal factors) and business performance measures (10 financial and 11 non-financial indicators).   Findings: This study points out the different evaluations according to the demographic features of survey subjects on the group of financial indicators. Specifically, the group of accountants (representing information providers) obtains a lower score than the group of information users. Likewise, the post-graduated participants show stricter assessments of financial indicators in comparison to the rest of the group.   Research, Practical & Social implications: These results suggest the scale system for measuring influencing factors toward business performance in enterprises for further research.   Originality/value: The value of the study is providing an expansion of the factors affecting the efficiency of an enterprise and points out a commonly used set of financial performance measurement indicators. Research results provide useful references for research on related issues