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Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery

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Author Info
James E. Kirkley
Dale Squires
Mohammad Ferdous Alam
Haji Omar Ishak
Abstract

Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries management, arise in the likely forms of management. This article discusses principal-agent issues and examines the principal-agent moral hazard issue, which is due to divorce of ownership and vessel operations. The article also illustrates a method for estimating capacity when information is limited. The Peninsular Malaysian purse seine fishery forms a case study. Copyright 2003 American Agricultural Economics Association.

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Publisher Info
Article provided by American Agricultural Economics Association in its journal American Journal of Agricultural Economics.

Volume (Year): 85 (2003)
Issue (Month): 3 (08)
Pages: 647-662
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Handle: RePEc:bla:ajagec:v:85:y:2003:i:3:p:647-662

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  1. Ronald G. Felthovan & William C. Horrace & Kurt E. Schnier, 2006. "Estimating Heterogeneous Capacity and Capacity Utilization in a Multi-Species Fishery," Center for Policy Research Working Papers 86, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
    Other versions:
  2. Walden, John B., 2006. "Estimating Vessel Efficiency Using a Bootstrapped Data Envelopment Analysis Model," Marine Resource Economics, Marine Resources Foundation, vol. 21(2). [Downloadable!]
  3. Felthoven, Ronald G. & Horrace, William C. & Schnier, Kurt E., 2006. "Estimating Heterogeneous Primal Capacity and Capacity Utilization Measures in a Multi-Species Fishery," 2006 Annual meeting, July 23-26, Long Beach, CA 21276, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Tingley, Diana & Pascoe, Sean, 2005. "Eliminating Excess Capacity: Implications for the Scottish Fishing Industry," Marine Resource Economics, Marine Resources Foundation, vol. 20(4). [Downloadable!]
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This page was last updated on 2009-12-24.


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