An empirical analysis of production distortions in the mid-Atlantic surf clam and ocean quahog fishery
AbstractThis paper presents empirical evidence of production distortions under controlled access management in the Mid-Atlantic surf clam and ocean quahog fishery. Results indicate that vessels harvested multiple clam species even though the harvest technology exhibits diseconomies of scope. Vessels also operated in a region of the production surface where the marginal product of vessel capital services was negative. These distortions are explained by perverse regulations which restricted vessel capital replacement and severely limited fishing times.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 35 (2003)
Issue (Month): 10 ()
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Other versions of this item:
- Weninger, Quinn & Strand, Ivar E., 2003. "An Empirical Analysis of Production Distortions in the Mid-Atlantic Surf Clam and Ocean Quahog Fishery," Staff General Research Papers 10829, Iowa State University, Department of Economics.
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- Weninger, Quinn, 2004.
"Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-Parametric Analysis,"
Staff General Research Papers
11178, Iowa State University, Department of Economics.
- Quinn Weninger, 2008. "Economic Benefits of Management Reform in the Gulf of Mexico Grouper Fishery: A Semi-parametric Analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 41(4), pages 479-497, December.
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