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Technical Efficiency of the Danish Trawl Fleet: Are the Industrial Vessels Better Than Others?

Author

Listed:
  • Vestergaard, Niels

    (Department of Environmental and Business Economics)

  • Squires , Dale

    (U.S. National Marine Fisheries Service, La Jolla)

  • Jensen, Frank

    (Department of Environmental and Business Economics)

  • Andersen, Jesper Levring

    (Danish Research Institute of Food Economics)

Abstract

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 resilts 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 orconsumption) 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 average, industrial vessel have a higher technical efficiency than human consumption vessels, and smaller industrial vessels have higher technical efficiency than larger vessels. A trade-off exists between decommissioning the most technically efficient vessels to more directly reduce fishing capacity, and thereby increase economic rents, and the social walfare lost from eliminating the most techically efficient vessels.

Suggested Citation

  • Vestergaard, Niels & Squires , Dale & Jensen, Frank & Andersen, Jesper Levring, 2003. "Technical Efficiency of the Danish Trawl Fleet: Are the Industrial Vessels Better Than Others?," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2003(1), pages 225-242.
    • Handle: RePEc:hhs:jdaecn:0205
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    Keywords

    Technical Efficiency; Trawl fishery;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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