A Limited Economic Assessment of the Northeast Groundfish Fishery Buyout Program
The United States and various European Union nations have used vessel buyout programs to reduce harvesting capacity in fisheries. In this paper, we present an analysis of the U.S. Northeast groundfish vessel buyout program. Using data envelopment analysis (DEA), we calculate capacity for both the fleet and for the vessels removed through the buyout program. Our analysis suggests that if capacity measures had been used to select vessels, both more capacity and more vessels could have been purchased with the funds allocated to the buyout program. We conclude with a discussion of alternative ways to reduce capacity in fisheries.
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- Kirkley, James E & Squires, Dale, 1999. "Capacity and Capacity Utilization in Fishing Industries," University of California at San Diego, Economics Working Paper Series qt6k91b50v, Department of Economics, UC San Diego.
- Morrison, Catherine J, 1985. "Primal and Dual Capacity Utilization: An Application to Productivity Measurement in the U.S. Automobile Industry," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(4), pages 312-24, October.
- Ernst R. Berndt & Melvyn A. Fuss, 1989. "Economic Capacity Utilization and Productivity Measurement for Multi-product firms with multiple quasi-fixed inputs," NBER Working Papers 2932, National Bureau of Economic Research, Inc.
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