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Economies of Scale and Stock-Dependence in Pelagic Harvesting: The Case of Northern Chile


  • Hugo Dufey
  • Michael Basch
  • Julio Peña


Pelagic species are one of the fish stocks which are most vulnerable to unrestrained fishing. Their initial abundance has been a source for substantial profits in the past, with several fishing collapses resulting from it. This paper analyses the case of

Suggested Citation

  • Hugo Dufey & Michael Basch & Julio Peña, 1999. "Economies of Scale and Stock-Dependence in Pelagic Harvesting: The Case of Northern Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 36(108), pages 841-873.
  • Handle: RePEc:ioe:cuadec:v:36:y:1999:i:108:p:841-873

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    References listed on IDEAS

    1. A. Bhargava & L. Franzini & W. Narendranathan, 2006. "Serial Correlation and the Fixed Effects Model," World Scientific Book Chapters,in: Econometrics, Statistics And Computational Approaches In Food And Health Sciences, chapter 4, pages 61-77 World Scientific Publishing Co. Pte. Ltd..
    2. McKelvey, Robert, 1983. "The fishery in a fluctuating environment: Coexistence of specialist and generalist fishing vessels in a multipurpose fleet," Journal of Environmental Economics and Management, Elsevier, vol. 10(4), pages 287-309, December.
    3. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    4. Abuaf, Niso & Jorion, Philippe, 1990. " Purchasing Power Parity in the Long Run," Journal of Finance, American Finance Association, vol. 45(1), pages 157-174, March.
    5. Lipton, Douglas W. & Strand, Ivar Jr., 1989. "The effect of common property on the optimal structure of the fishing industry," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 45-51, January.
    6. Trond Bjorndal & Jon M. Conrad, 1987. "The Dynamics of an Open Access Fishery," Canadian Journal of Economics, Canadian Economics Association, vol. 20(1), pages 74-85, February.
    7. Morey, Edward R., 1986. "A generalized harvest function for fishing: Allocating effort among common property cod stocks (A generalized harvest function)," Journal of Environmental Economics and Management, Elsevier, vol. 13(1), pages 30-49, March.
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    Cited by:

    1. Hwa-Taek Lee & Gawon Yoon, 2013. "Does purchasing power parity hold sometimes? Regime switching in real exchange rates," Applied Economics, Taylor & Francis Journals, vol. 45(16), pages 2279-2294, June.

    More about this item


    (Chilean) pelagic fisheries; harvesting functions; economies of scale; panel estimation; cobb-douglas and translog production functions;

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction


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