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Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery

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  • James E. Kirkley
  • Dale Squires
  • Mohammad Ferdous Alam
  • Haji Omar Ishak

Abstract

Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries management, arise in the likely forms of management. This article discusses principal-agent issues and examines the principal-agent moral hazard issue, which is due to divorce of ownership and vessel operations. The article also illustrates a method for estimating capacity when information is limited. The Peninsular Malaysian purse seine fishery forms a case study. Copyright 2003, Oxford University Press.

Suggested Citation

  • James E. Kirkley & Dale Squires & Mohammad Ferdous Alam & Haji Omar Ishak, 2003. "Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 647-662.
  • Handle: RePEc:oup:ajagec:v:85:y:2003:i:3:p:647-662
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    File URL: http://hdl.handle.net/10.1111/1467-8276.00462
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    Cited by:

    1. Pham, Thi Duy Thanh & Huang, Hsiang-Wen & Chuang, Ching-Ta, 2014. "Finding a balance between economic performance and capacity efficiency for sustainable fisheries: Case of the Da Nang gillnet fishery, Vietnam," Marine Policy, Elsevier, vol. 44(C), pages 287-294.
    2. Pascoe, Sean & Tingley, Diana, 2006. "Economic capacity estimation in fisheries: A non-parametric ray approach," Resource and Energy Economics, Elsevier, vol. 28(2), pages 124-138, May.
    3. Ronald Felthoven & William Horrace & Kurt Schnier, 2009. "Estimating heterogeneous capacity and capacity utilization in a multi-species fishery," Journal of Productivity Analysis, Springer, vol. 32(3), pages 173-189, December.
    4. Lampe, Hannes W. & Hilgers, Dennis, 2015. "Trajectories of efficiency measurement: A bibliometric analysis of DEA and SFA," European Journal of Operational Research, Elsevier, vol. 240(1), pages 1-21.
    5. Felthoven, Ronald G. & Horrace, William C. & Schnier, Kurt E., 2006. "Estimating Heterogeneous Primal Capacity and Capacity Utilization Measures in a Multi-Species Fishery," 2006 Annual meeting, July 23-26, Long Beach, CA 21276, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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