American Journal of Agricultural Economics · 1995 · 201 citations · 13 references
Natural ResourcesFisheriesResource EconomicsFisheries EconomicsFisheries ManagementMarine FisheriesFisheries Labor EconomicsFishery BioeconomicsFishery Resource EconomicsMarine Fisheries EconomicsProductivity AnalysisTechnical EfficiencyCommercial Fisheries ManagementEconomic Efficiency In FisheriesEconomic Performance MeasurementEfficiencyFishery EfficiencyFrontier Production AnalysisStochastic Production TheoryVessel Efficiency
Abstract Despite the extensive effort to research issues of allocative efficiency in fisheries, little empirical analysis of technical efficiency (TE) in fisheries exists. This study examines vessel efficiency using a stochastic production frontier based on a sample of sea scallop vessels operating in the Mid‐Atlantic between 1987 and 1990. Estimates of TE are computed and compared with input usage, resource conditions, economic performance, and recently imposed regulations. The analysis suggests that owners and captains only partially compensate for changes in resource conditions through the use of labor and fishing effort, and recent regulations may improve overall TE in the short run.
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