Assessing Technical Efficiency in Commercial Fisheries: The Mid‐Atlantic Sea Scallop Fishery

James E. Kirkley · Dale Squires · Ivar E. Strand

202 citations0/0 files storedAmerican Journal of Agricultural Economics

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Efficiency Analysis Using DEA Marine and fisheries research Fisheries and Aquaculture Studies

Abstract

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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References

1977Formulation and estimation of stochastic frontier production function models 1982On the estimation of technical inefficiency in the stochastic frontier production function model 1985The Measurement of Efficiency of Production 1988Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data 1990Recent developments in the econometric estimation of frontiers 1980Maximum likelihood estimation of econometric frontier functions 1966Specification and Estimation of Cobb-Douglas Production Function Models 1980A Monte Carlo study of estimators of stochastic frontier production functions

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