Economic Inefficiency and Environmental Impact: An Application to Aquaculture Production Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/n009w3132

Abstract only.

Descriptions

Attribute NameValues
Creator
Abstract or Summary
  • In industries that are characterized by frequent innovations and high productivity growth, substantial variation in both produced quantity and input use may occur and lead to increased cost. As both excessive input use and misallocation of inputs are costly for the producer, firm-specific measures of both technical and allocative inefficiency are important for understanding the causes behind variations in cost. Allocative inefficiency is also of particular interest in industries interacting with the environment, as a suboptimal input mix can increase negative environmental externalities if environmentally damaging inputs are overused. In this paper, we estimate technical and allocative efficiency for a sample of Norwegian salmon farmers, an industry with substantial productivity growth during the data period. By modifying a shadow cost system to account for time and individual differences, the model allows us to estimate individual technical inefficiency as well as individual and time-varying allocative inefficiency. Our results show that both technical and allocative inefficiency are significant in explaining the level and variation in farms' costs. They suggest that farms may have caused unnecessary negative externalities to the environment through overuse of feed in the early years. Furthermore, the results provide some basis for assessing the effects of government regulations on the average level and distribution of economic efficiency.
Resource Type
Date Available
Date Issued
Citation
  • Roll, Kristin H., Frank Asche and Ragnar Tveterås. 2008. Economic Inefficiency and Environmental Impact: An Application to Aquaculture Production. In: Proceedings of the Fourteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 22-25, 2008, Nha Trang, Vietnam: Achieving a Sustainable Future: Managing Aquaculture, Fishing, Trade and Development. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2008.
Conference Name
Keyword
Subject
Rights Statement
Funding Statement (additional comments about funding)
Publisher
Peer Reviewed
Language
Replaces
Additional Information
  • description.provenance : Approved for entry into archive by Philip Vue(vuep@onid.orst.edu) on 2013-02-13T22:28:02Z (GMT) No. of bitstreams: 1 344.pdf: 22457 bytes, checksum: 970d352622a2c62c75d053a23532dc3e (MD5)
  • description.provenance : Submitted by Amy Zhang (zhanga@onid.orst.edu) on 2013-02-11T19:24:08Z No. of bitstreams: 1 344.pdf: 22457 bytes, checksum: 970d352622a2c62c75d053a23532dc3e (MD5)
  • description.provenance : Made available in DSpace on 2013-02-13T22:28:02Z (GMT). No. of bitstreams: 1 344.pdf: 22457 bytes, checksum: 970d352622a2c62c75d053a23532dc3e (MD5) Previous issue date: 2008

Relationships

In Administrative Set:
Last modified: 07/14/2017

Downloadable Content

Download PDF
Citations:

EndNote | Zotero | Mendeley

Items