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Testing for Input Substitution in a Regulated Fishery

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  • Diane P. Dupont

Abstract

Input restrictions are commonly used to prevent rent dissipation in fisheries. This paper examines whether these schemes are successful by calculating the degree of input substitution between restricted and unrestricted inputs. Conventional elasticities of substitution cannot be used when the firm faces controls on the use of some inputs. In this case, the appropriate measure of substitution, the elasticity of intensity, must be used. Data from the British Columbia salmon fishery provide evidence of input substitution possibilities for two vessel types. These results call into question the usefulness of input control schemes.

Suggested Citation

  • Diane P. Dupont, 1991. "Testing for Input Substitution in a Regulated Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(1), pages 155-164.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:1:p:155-164.
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    Cited by:

    1. Tom Kompas & Tuong Nhu Che & R. Quentin Grafton, 2004. "Technical efficiency effects of input controls: evidence from Australia's banana prawn fishery," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1631-1641.
    2. Douglas M. Larson & William R. Sutton & Joseph M. Terry, 1999. "Toward Behavioral Modeling Of Alaska Groundfish Fisheries: A Discrete Choice Approach To Bering Sea/Aleutian Islands Trawl Fisheries," Contemporary Economic Policy, Western Economic Association International, vol. 17(2), pages 267-277, April.
    3. Carsten Lynge Jensen, 1999. "A Critical Review of the Common Fisheries Policy," Working Papers 6/99, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    4. Sean Pascoe & Catherine Robinson, 1998. "Input Controls, Input Substitution and Profit Maximisation in the English Channel Beam Trawl Fishery," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(1), pages 16-33, March.
    5. Barbara Hutniczak, 2014. "Increasing Pressure on Unregulated Species Due to Changes in Individual Vessel Quotas: An Empirical Application to Trawler Fishing in the Baltic Sea," Marine Resource Economics, University of Chicago Press, vol. 29(3), pages 201-217.
    6. Diop, Hamady & Kazmierczak, Richard F., Jr., 1995. "Technology And Management In Mauritanian Cephalopod Fisheries," Staff Papers 31686, Louisiana State University, Department of Agricultural Economics and Agribusiness.
    7. Tom Kompas, 2001. "Catch, Efficiency and Management: A Stochastic Production Frontier Analysis of the Australian Northern Prawn Fishery," International and Development Economics Working Papers idec01-8, International and Development Economics.
    8. Itziar Lazkano, 2008. "Cost Structure and Capacity Utilisation in Multi-product Industries: An Application to the Basque Trawl Industry," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(2), pages 189-207, October.
    9. Frank Jensen & Niels Vestergaard, 2002. "A Principal-Agent Analysis of Fisheries," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(2), pages 276-285, June.
    10. Catherine J. Morrison Paul & Ronald G. Felthoven & Marcelo de O. Torres, 2010. "Productive performance in fisheries: modeling, measurement, and management," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 343-360, July.
    11. Atle Oglend & Vesa-Heikki Soini, 2020. "Implications of Entry Restrictions to Address Externalities in Aquaculture: The Case of Salmon Aquaculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(4), pages 673-694, December.
    12. Felthoven, Ronald G. & Larson, Douglas M. & Sanchirico, James N. & Shaikh, Sabina L. & Terry, Joseph M., 1998. "Multispecies Revenue Function Estimation For North Pacific Groundfish Fisheries," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20968, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Deacon, Robert T. & Finnoff, David & Tschirhart, John, 2011. "Restricted capacity and rent dissipation in a regulated open access fishery," Resource and Energy Economics, Elsevier, vol. 33(2), pages 366-380, May.
    14. Panos Fousekis, 1997. "Internal And External Scale Effects In Productivity Analysis: A Dynamic Dual Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 151-166, January.
    15. McConnell, Kenneth E. & Price, Michael, 2006. "The lay system in commercial fisheries: Origin and implications," Journal of Environmental Economics and Management, Elsevier, vol. 51(3), pages 295-307, May.
    16. Lars Gårn Hansen & Carsten Lynge Jensen, 2014. "Jointness through vessel capacity input in a multispecies fishery," Agricultural Economics, International Association of Agricultural Economists, vol. 45(6), pages 745-756, November.
    17. Christian Elleby & Frank Jensen, 2018. "How Many Instruments Do We Really Need? A First-Best Optimal Solution to Multiple Objectives with Fisheries Regulation," IFRO Working Paper 2018/05, University of Copenhagen, Department of Food and Resource Economics.
    18. Panos Fousekis & Aspasia Papakonstantinou, 1997. "Economic Capacity Utilisation And Productivity Growth In Greek Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 38-51, January.
    19. Squires, Dale, 2016. "Firm behavior under quantity controls: The theory of virtual quantities," Journal of Environmental Economics and Management, Elsevier, vol. 79(C), pages 70-86.
    20. Jacinto F. Fabiosa & Helen H. Jensen & Dong Yan, 2004. "Output Supply and Input Demand System of Commercial and Backyard Poultry Producers in Indonesia," Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) 04-wp363, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    21. Kivanda, Lena & Fox, Glenn, 1993. "Falsification and the Practice of Agricultural Production Economists: A Methodological Assessment," Department of Agricultural Economics and Business 258724, University of Guelph.
    22. Dale Squires & Yongil Jeon & R. Quentin Grafton & James Kirkley, 2010. "Controlling excess capacity in common-pool resource industries: the transition from input to output controls ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 361-377, July.
    23. Allen, Keighton R. & Fullerton, Thomas M., Jr., 2018. "Analyzing Small Industrial and Commercial User Demand for Electricity," MPRA Paper 98988, University Library of Munich, Germany, revised 22 Oct 2018.
    24. Gordon L. Myer & Arunava Bhattacharyya & Jianjian Liu, 1998. "Alfalfa seed demand analysis using panel data from seven Western states," Agribusiness, John Wiley & Sons, Ltd., vol. 14(2), pages 139-146.
    25. Carsten Lynge Jensen, 2000. "Output Substitution in a Regulated Fishery," Working Papers 7/00, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.

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