The author highlights the many new insights that have already arisen in the rapidly emerging literature on performance and CU measurement in fisheries. She stresses two fundamental points. First, for relevant policy guidance it is crucial to seriously ponder the implications of myriad complicating factors for CU modeling and measurement, many of which arise due to unique and key characteristics of fisheries industries, rather than sweeping them under the rug. Second, stochastic methods have potential for incorporating these types of structural characteristics into production models, and thus measurement of performance/CU, even though they have not yet been used much in this literature and may be somewhat more complex to implement than DEA approaches.
Paul, C.J.M. Thoughts on Productivity, Efficiency and Capacity Utilization Measurement for Fisheries. In: Microbehavior and Macroresults: Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA. Compiled by Richard S. Johnston and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.