Cost structure and capacity in the Norwegian pelagic fisheries
Working paper
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http://hdl.handle.net/11250/165530Utgivelsesdato
2004-11Metadata
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Sammendrag
The parameters of the short-run cost function are estimated for three vessel types taking
part in the Norwegian pelagic fisheries: purse seine vessels, trawlers, and coastal vessels.
The generalised translog functional form is used. Estimates of returns to scale are
calculated and the results indicate that there are substantial economies of scale in all
vessel classes. We further investigate whether overcapacity varies with vessel size and
age. The analysis suggests increased quotas per vessel to avoid rent dissipation. With the
total allowable catch given, the number of participating vessels must be reduced.
Utgiver
SNFSerie
Working paper2004:49