1 WHOM SHOULD THE RENT ACCRUE

Resource rentals can be viewed as taxes on scarcity rents or as fees for access to use or utilize the resource. The Icelandic Fishery Management Act requires that vessel owners pay a Catch fee (Veiðigjald). This paper discusses how the Catch fee is defined by the Fishery Management Act. Secondly it is discussed if and how the fee affects incentives. Thirdly a alternative method of taxing the resource rental is commented briefly upon. Lastly it is asked if the fee is high enough. <P> Keywords: Rsource Rentals, fishing fee, ITQs, Icelandic fishery managemen