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Article: The Hong Kong fish marketing organisation: a case study of the nature of the financial problems of a legal monopoly

TitleThe Hong Kong fish marketing organisation: a case study of the nature of the financial problems of a legal monopoly
Authors
Issue Date2002
PublisherBlackwell Publishing Asia. The Journal's web site is located at http://www.blackwellpublishing.com/journals/PER
Citation
Pacific Economic Review, 2002, v. 7 n. 1, p. 85-96 How to Cite?
AbstractThis essay provides an explanation of the phenomenon of an apparent secular fall in captured fisheries outputs in Hong Kong transacted through the Fish Marketing Organisation. The latter is a government monopoly, with the power to compel sale of landed fish through its licensed buyers, established and protected by law. The institutional characteristic of this organisation can also explain the evolution of marine fish culture industry in the area that is not subject to the forced-sale regulation of the Organisation, and the diversity of species commonly observed in the consumer market of cultured fish. The observed reduction in fisheries output in Hong Kong can be the consequence of regulation rather than a lack of regulation, as the 'the tragedy of commons' would seem to imply. Our analysis also demonstrates why the Fish Marketing Organisation has suffered from a growing budgetary deficit in recent years.
Persistent Identifierhttp://hdl.handle.net/10722/168705
ISSN
2015 Impact Factor: 0.388
2015 SCImago Journal Rankings: 0.346
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_US
dc.contributor.authorYu, BTen_US
dc.date.accessioned2012-10-08T03:31:39Z-
dc.date.available2012-10-08T03:31:39Z-
dc.date.issued2002en_US
dc.identifier.citationPacific Economic Review, 2002, v. 7 n. 1, p. 85-96en_US
dc.identifier.issn1361-374Xen_US
dc.identifier.urihttp://hdl.handle.net/10722/168705-
dc.description.abstractThis essay provides an explanation of the phenomenon of an apparent secular fall in captured fisheries outputs in Hong Kong transacted through the Fish Marketing Organisation. The latter is a government monopoly, with the power to compel sale of landed fish through its licensed buyers, established and protected by law. The institutional characteristic of this organisation can also explain the evolution of marine fish culture industry in the area that is not subject to the forced-sale regulation of the Organisation, and the diversity of species commonly observed in the consumer market of cultured fish. The observed reduction in fisheries output in Hong Kong can be the consequence of regulation rather than a lack of regulation, as the 'the tragedy of commons' would seem to imply. Our analysis also demonstrates why the Fish Marketing Organisation has suffered from a growing budgetary deficit in recent years.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Asia. The Journal's web site is located at http://www.blackwellpublishing.com/journals/PERen_US
dc.relation.ispartofPacific Economic Reviewen_US
dc.titleThe Hong Kong fish marketing organisation: a case study of the nature of the financial problems of a legal monopolyen_US
dc.typeArticleen_US
dc.identifier.emailLai, LWC: wclai@hku.hken_US
dc.identifier.authorityLai, LWC=rp01004en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1111/1468-0106.00151-
dc.identifier.scopuseid_2-s2.0-0036261304en_US
dc.identifier.hkuros72864-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0036261304&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume7en_US
dc.identifier.issue1en_US
dc.identifier.spage85en_US
dc.identifier.epage96en_US
dc.publisher.placeAustraliaen_US
dc.identifier.scopusauthoridLai, LWC=7202616218en_US
dc.identifier.scopusauthoridYu, BT=8051100600en_US
dc.customcontrol.immutablesml 130725-

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