IMPACT OF FISH RENT ON FISHERIES MANAGEMENT CHOICE
Fisheries management as a management of industry that extracts hydrobionts and produces food products takes an important part in ensuring the country’s food security and the health of its residents. A fishing industry also acts as a supplier of raw materials for various industries. Extraction of marine bioresources has a great meaning as a traditional activity for coastal regions. For the state, the task is to ensure a normal functioning and development of the fishing industry in order to increase the employment rate in coastal regions, satisfy the demand for fish products etc. The nature of the fishing industry as an industry that withdraws a natural resource in the process of its activity causes the rental income to emerge. The state task is to evaluate it and, if necessary, to withdraw it for ensuring the preservation of the depleted resource. If the state sets a task of withdrawing the rental income, it becomes an important factor to determine regimes of taxation for fish industry enterprises and for fisheries management in the region. In this paper, we examine a specific status of marine resources as renewable ones, which determines a need for a particular regime of their management, and a valuation of fish rent for different conditions of withdrawing these resources. Possible fisheries management regimes are reviewed; the quality of the current dominant fisheries management regime in Russia is rated with regard to the market efficiency. The direction for further research of fisheries management with consideration given to the rental approach to resource valuation is determined.