Transaction of Marine Fishing Right: Theoretical Analysis

Abstract The difference between fishermen’s fishing catch and the optimal fishing catch is the basic reason for the transaction of marine fishing rights (TMFR). The effects of productive cost, non-productive cost, use-cost, transaction cost, productive revenue and non-productive revenue on the TMFR and the optimal fishing catch are analyzed. This paper draws following conclusions: the non-productive revenue has a positive effect on the TMFR, and other factors, such as non-productive cost, use-cost and transaction cost, have a negative effect; the TMFR will promote the resource allocation; the high transaction cost may affect the implementation of TMFR.