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Capacity Utilization under Regulatory Constraints

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  • Segerson, Kathleen
  • Squires, Dale

Abstract

This paper presents a methodology for predicting the effect of quota-type regulatory constraints on capacity utilization for a multiproduct profit-maximizing firm. The approach builds on recent advances in the use of virtual prices to model the effects of rationing. This allows the effects of regulatory constraints to be examined ex ante. The methodology is illustrated through a case stud y of the imposition of output quotas in an open-access marine fishing industry on the Pacific Coast of the United States. The results sugg est that, for certain species, output quotas can cause strong disinvestm ent incentives. Copyright 1993 by MIT Press.

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Bibliographic Info

Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 75 (1993)
Issue (Month): 1 (February)
Pages: 76-85

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Handle: RePEc:tpr:restat:v:75:y:1993:i:1:p:76-85

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Web page: http://mitpress.mit.edu/journals/

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Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535

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Cited by:
  1. Felthoven, Ronald G., 2000. "Measuring Fishing Capacity: An Application To In North Pacific Groundfish Fisheries," 2000 Annual meeting, July 30-August 2, Tampa, FL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 21815, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. James Kirkley & Catherine Morrison Paul & Dale Squires, 2002. "Capacity and Capacity Utilization in Common-pool Resource Industries," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 22(1), pages 71-97, June.
  3. Van de Woestyne, Ignace & Kerstens, Kristiaan & Prior, Diego & De Borger, Bruno, 2009. "Static Efficiency Decompositions and Capacity Utilisation: Integrating Economic and Technical Capacity Notions," Working Papers, Hogeschool-Universiteit Brussel, Faculteit Economie en Management 2009/30, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
  4. Catherine Paul & Marcelo O. Torres & Ronald Felthoven, 2009. "Fishing Revenue, Productivity and Product Choice in the Alaskan Pollock Fishery," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 44(4), pages 457-474, December.
  5. 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, European Association of Environmental and Resource Economists, vol. 41(4), pages 479-497, December.
  6. Kostas Tsekouras & Dimitris Skuras, 2005. "Productive efficiency and exports: an examination of alternative hypotheses for the Greek cement industry," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 37(3), pages 279-291.
  7. Aiken, Deborah Vaughn, 2006. "Application of the distance function to nonmarket valuation of environmental goods and services: An illustrative example," Ecological Economics, Elsevier, Elsevier, vol. 60(1), pages 168-175, November.
  8. Speir, Cameron & Brozovic, Nicholas, 2006. "Supply Response of Commercial Fishermen and Implications for Management of Invasive Asian Carp," 2006 Annual meeting, July 23-26, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 21225, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  9. H. Kim, 1999. "Economic Capacity Utilization and its Determinants: Theory and Evidence," Review of Industrial Organization, Springer, Springer, vol. 15(4), pages 321-339, December.

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