Capacity utilization measures and excess capacity in multi-product privatized fisheries

Using individual firm data from before and after the introduction of individual transferable quotas (ITQs) in the Nova Scotia mobile gear fishery, data envelopment analysis (DEA) is used to examine capacity and capacity utilization (CU). This paper is the first to look at CU in a multi-species fishe...

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Bibliographic Details
Published in:Resource and energy economics 2002-06, Vol.24 (3), p.193-210
Main Authors: Dupont, Diane P., Grafton, R.Quentin, Kirkley, James, Squires, Dale
Format: Article
Language:English
Subjects:
Animal, plant and microbial ecology
Applied ecology
Biological and medical sciences
Capacity
Capacity utilization
Data envelopment analysis
Economic models
Exploitation and management of natural biological resources (hunting, fishing and exploited populations survey, etc.)
Fisheries
Fishery economics
Fundamental and applied biological sciences. Psychology
Individual vessel quota
Multi-product fishery
Studies
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Summary:Using individual firm data from before and after the introduction of individual transferable quotas (ITQs) in the Nova Scotia mobile gear fishery, data envelopment analysis (DEA) is used to examine capacity and capacity utilization (CU). This paper is the first to look at CU in a multi-species fishery with both ITQ and non-ITQ components. The paper examines how a change in the property rights regime can affect a multi-product industry and the consequences in terms of product-specific CU, as well as aggregate CU. The results provide insights to regulators interested in using market-based approaches to improve efficiency in multi-product industries.
ISSN:0928-7655
1873-0221
DOI:10.1016/S0928-7655(01)00050-1