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Measuring Economic Performance in a Fishery: An Index Number Profit Decomposition

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  • A method is introduced and applied to analyse changed in productivity of firms harvesting in a multi-species fishery. The index-number technique decomposes firm profits into its contributions and can be used to assess economic performance by both regulators and individual firms across an industry and over time. Using an unbalanced panel of 47 vessels in the South East Fishery of Australia, index-number profit decompositions are obtained for productivity, an implicit output price, fuel price, labour price and a capital stock. The results indicate significant differences in productivity between small and large vessels and over the four year sample period.
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  • Fox, Kevin J., R. Quentin Grafton, Tom Kompas, Tuong Nhu Che. 2002. Measuring Economic Performance in a Fishery: An Index Number Profit Decomposition. Peer Review: No. In: Proceedings of the Eleventh Biennial Conference of the International Institute of Fisheries Economics and Trade, August 19-22, 2002, Wellington, New Zealand: Fisheries in the Global Economy. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2002. CD ROM.
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