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The Contribution of Unmeasurable Inputs to Fisheries Production: An Analysis of Technical Efficiency of Fishing Vessels in the English Channel

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  • Sean Pascoe
  • Louisa Coglan

Abstract

Variations in the efficiency of demersal trawlers operating in the English Channel were examined through the estimation of a stochastic frontier production function. The most important measurable factor affecting efficiency was the age of the vessel. However, unmeasurable factors accounted for about 65% of the variation in efficiency, and as much as 9% of the total variation in catches between boats. It is postulated that most of this variation was due to differences in skipper and crew skill. In contrast, “luck” accounted for around 11% of the variation in catches between boats. Copyright 2002, Oxford University Press.

Suggested Citation

  • Sean Pascoe & Louisa Coglan, 2002. "The Contribution of Unmeasurable Inputs to Fisheries Production: An Analysis of Technical Efficiency of Fishing Vessels in the English Channel," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(3), pages 585-597.
    • Handle: RePEc:oup:ajagec:v:84:y:2002:i:3:p:585-597
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    File URL: http://hdl.handle.net/10.1111/1467-8276.00321
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