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Production Risk in the Norwegian Fisheries

Author

Listed:
  • Frank Asche

    (University of Florida
    University of Stavanger)

  • Andreea L. Cojocaru

    (University of Stavanger)

  • Ruth B. M. Pincinato

    (University of Stavanger)

  • Kristin H. Roll

    (University of Stavanger
    University of South-Eastern Norway)

Abstract

Although fishing is regarded as a risky production process, limited attention has been given to the impact of input factor use on production risk. Production risk is particularly important for fisher behavior and fisheries management when input factors are restricted, since input restrictions can influence production risk in addition to output levels. This paper investigates production risk by estimating production and risk functions for the main vessel groups in the Norwegian fishing fleet. The results indicate that production risk is present and that the effect of input use on production risk varies between vessel groups. Capital has a risk-reducing effect in the ocean fleet, but are risk-increasing in coastal fisheries. Fuel use is found to be a risk-increasing input for most of the vessel groups, while labor use is risk-reducing.

Suggested Citation

  • Frank Asche & Andreea L. Cojocaru & Ruth B. M. Pincinato & Kristin H. Roll, 2020. "Production Risk in the Norwegian Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 137-149, January.
    • Handle: RePEc:kap:enreec:v:75:y:2020:i:1:d:10.1007_s10640-019-00391-2
    DOI: 10.1007/s10640-019-00391-2
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    References listed on IDEAS

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    Cited by:

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    2. Do, Huu-Luat & Dang Thuy, Truong, 2022. "Productivity response and production risk: A study of mangrove forest effects in aquaculture in the Mekong River Delta," Ecological Economics, Elsevier, vol. 194(C).
    3. Wang, Wenyi & Zhao, Zhongfan & Zhou, Qun & Qiao, Yiyuan & Cao, Feng, 2021. "Model predictive control for the operation of a transcritical CO2 air source heat pump water heater," Applied Energy, Elsevier, vol. 300(C).
    4. Bassett, Hannah R. & Lau, Jacqueline & Giordano, Christopher & Suri, Sharon K. & Advani, Sahir & Sharan, Sonia, 2021. "Preliminary lessons from COVID-19 disruptions of small-scale fishery supply chains," World Development, Elsevier, vol. 143(C).
    5. Chica, Manuel & Hernández, Juan M. & Santos, Francisco C., 2022. "Cooperation dynamics under pandemic risks and heterogeneous economic interdependence," Chaos, Solitons & Fractals, Elsevier, vol. 155(C).
    6. Stefano Mainardi, 2021. "Parametric and Semiparametric Efficiency Frontiers in Fishery Analysis: Overview and Case Study on the Falkland Islands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 169-210, June.

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