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Agricultural and Resource Economics
Measurement of productivity and capacity in renewable resource industries
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Technical Efficiency Of The Danish Trawl Fleet: Are The Industrial Vessels Better Than Others?, Niels Vestergaard, Dale Squires, Frank Jensen, Jesper Levring Andersen
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 …