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Testing for Relative Performance between Seasons in a Fishery

Author

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  • Kjell G. Salvanes
  • Frode Steen

Abstract

The relative performance between seasons in a fishery is tested empirically. In particular, the importance of a stochastic environment-what may be denoted as fishing luck in a fishery-is established by applying Dickey-Fuller unit-root tests for the efficiency scores of vessels between seasons. More specifically we test whether the performance of individual vessels can be characterized as random or not; i.e., given good performance in one period, is it possible to also expect good performance in the next (a so-called "highliner"), or is performance due to the stochastic environment (fishing luck).

Suggested Citation

  • Kjell G. Salvanes & Frode Steen, 1994. "Testing for Relative Performance between Seasons in a Fishery," Land Economics, University of Wisconsin Press, vol. 70(4), pages 431-447.
    • Handle: RePEc:uwp:landec:v:70:y:1994:i:4:p:431-447
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    Citations

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    Cited by:

    1. Heaps, Terry, 2003. "The effects on welfare of the imposition of individual transferable quotas on a heterogeneous fishing fleet," Journal of Environmental Economics and Management, Elsevier, vol. 46(3), pages 557-576, November.
    2. Antonio Alvarez & Peter Schmidt, 2006. "Is skill more important than luck in explaining fish catches?," Journal of Productivity Analysis, Springer, vol. 26(1), pages 15-25, August.
    3. Álvarez, Antonio & Pérez, Levi & Schmidt, Peter, 2003. "The Relative Importance of Luck and Technical Efficiency in a Fishery," Efficiency Series Papers 2003/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    4. Eric Sjöberg, 2015. "Pricing on the Fish Market--Does Size Matter?," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 277-296.
    5. Álvarez, Antonio, 2003. "Econometric Estimation of Fishing Production Functions when Stocks is Unknown: A Monte Carlo Analysis," Efficiency Series Papers 2003/09, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    6. Fissel, Benjamin E. & Felthoven, Ronald G. & Kasperski, Stephen & O’Donnell, Christopher, 2015. "Decomposing productivity and efficiency changes in the Alaska head and gut factory trawl fleet," Marine Policy, Elsevier, vol. 62(C), pages 337-346.
    7. Álvarez, Antonio, 2001. "Some Issues on the Estimation of Technical Efficiency in Fisheries," Efficiency Series Papers 2001/02, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    8. Trond Bjorndal & Phoebe Koundouri & Sean Pascoe, 2002. "Multi-Output Distance Function for the North Sea Beam Trawl Fishery," DEOS Working Papers 0204, Athens University of Economics and Business.
    9. Álvarez, Antonio & Orea, Luis, 2001. "Different Methods of Modeling Multi-Species Fisheries Using a Primal Approach," Efficiency Series Papers 2001/04, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).

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