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Agricultural and Resource Economics

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2003

Measurement of productivity and capacity in renewable resource industries

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Full-Text Articles in Social and Behavioral Sciences

Technical Efficiency Of The Danish Trawl Fleet: Are The Industrial Vessels Better Than Others?, Niels Vestergaard, Dale Squires, Frank Jensen, Jesper Levring Andersen Dec 2002

Technical Efficiency Of The Danish Trawl Fleet: Are The Industrial Vessels Better Than Others?, Niels Vestergaard, Dale Squires, Frank Jensen, Jesper Levring Andersen

Niels Vestergaard

Technical efficiency in the Danish trawl fishery in the North Sea is estimated for 1997-1998 with a stochastic production frontier model. This model allows for both technical efficiency and a stochastic environment. The results show that the production frontier can be modelled by a translog function with time effects and a technical inefficiency function. The type of fishery (industrial or consumption) and size of vessel give a good explanation for the inefficiency of the fleet. The average technical efficiency is estimated to be 0.80. On avrage, industrial vessels have a higher technical efficiency than human consumption vessels, and smaller industrial …