This 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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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
10829.
Length: Date of creation: 24 Oct 2003 Date of revision: Publication status: Published in Applied Economics, July 2003, Vol. 35, No. 10, pp. 1191-1197. Handle: RePEc:isu:genres:10829
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Find related papers by JEL classification: D2 - Microeconomics - - Production and Organizations Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
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