In this paper we focus on the specification of revenue functions in their dual price space. We consider two distance functions—the Shephard output distance function and the directional output distance function—and define both in price space. The former is multiplicative in nature and satisfies homogeneity, whereas the latter is additive...
This study examines productivity change in the Mid-Atlantic surfclam and ocean quahog fishery, which has been managed since 1990 using Individual Transferable Ouotas (ITQ). Productivity change is estimated through a Malmquist index from 1981-2008, capturing change before and after implementation of the quota system. We then decompose the index to...
Discard rates in marine fisheries have been estimated at more than 80% for some individual fisheries, with an average global discard rate of 8%. Discarding of catch can be problematic for three main reasons: (1) in the absence of accurate and precise discards estimates, unreliable catch data distort estimation of...
According to conventional economic wisdom the economically more efficient technology will always outcompete the less efficient. This hypothesis has usually been taken to hold for the exploitation of common pool renewable natural resources such as fish stocks. This paper claims that, while this is not necessarily false, it may be...
The very restrictive quotas of cod in the Baltic Sea are a strong force for searching alternatives. Since 1996 for instance, the cod quota for the German fishery was reduced from 22 000 t to 13 000 t in the year 2001. And further cuts took place in 2002. However,...
Large areas along Java’s north coast are threatened by subsidence and abrasion. Subsidence is even faster than sea level rise. Although forbidden by law, farmers have cleared the mangrove forest almost up to the coastline, thus reducing sedimentation and increasing exposure to coastal abrasion. Four interventions are needed: reduce groundwater'...
Aquaculture is increasingly important for the future supply of fish because of steadily increasing demand while supply from fisheries is stagnating. In the EU aquaculture production has grown strongly in some countries, such as Spain and Greece, but was flat at a low level in others, such as in Germany,...