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Impacts of vessel capacity reduction programs on the efficiency in fisheries. The case of Australia's multispecies in northern prawn fishery

Pascoe, Sean, Coglan, Louisa, Punt, Andre, & Dichmont, Catherine (2010) Impacts of vessel capacity reduction programs on the efficiency in fisheries. The case of Australia's multispecies in northern prawn fishery. In IIFET2010 : International Institute of Fisheries Economics and Trade : Economics of fish resources and aquatic ecosystems: balancing uses, balancing costs, 13-16 July 2010, Montpellier, France. (Unpublished)

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Abstract

Capacity reduction programs in the form of buybacks or decommissioning programs have had relatively widespread application in fisheries in the US, Europe and Australia. A common criticism of such programs is that they remove the least efficient vessels first, resulting in an increase in average efficiency of the remaining fleet. The effective fishing power of the fleet, therefore, does not decrease in proportion to the number of vessels removed. Further, reduced crowding may increase efficiency of the remaining vessels. In this paper, the effects of a buyback program on average technical efficiency in Australia’s Northern Prawn Fishery are examined using a multi-output distance function approach with an explicit inefficiency model. The results indicate that average efficiency of the remaining vessels was greater than that of the removed vessels, and that average efficiency of remaining vessels also increased as a result of reduced crowding.

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ID Code: 35754
Item Type: Conference Paper
Keywords: Buyback programs, Technical efficiency, Fisheries management, Multi-output distance function.
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Agricultural Economics (140201)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2010 please contact the authors
Deposited On: 22 Sep 2010 10:46
Last Modified: 11 Aug 2011 02:56

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