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Multi-Output Distance Function for the North Sea Beam Trawl Fishery

Author

Listed:
  • Trond Bjorndal
  • Phoebe Koundouri
  • Sean Pascoe

Abstract

Interactions between species in a fishery may be either biological (e.g. predator-prey) or technical (e.g. joint production). Technical interactions within fisheries have generally been assumed to exist, although the strength of these interactions has not been previously quantified. In this paper, we estimate a multi-output distance function for the UK North Sea demersal fishery and consider elasticities of substitution between the outputs. The empirical results of the paper have implications for continuing fisheries management in several countries. In particular, they reinforce the need for fisheries managers to consider the technical interactions between species when setting the TACs. Failure to consider these interactions may result in increased discarding in the fishery, and potentially lower than expected future yields.

Suggested Citation

  • 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.
    • Handle: RePEc:aue:wpaper:0204
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    File URL: http://wpa.deos.aueb.gr/docs/Beam.Trawl.Fishery.pdf
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    multi-output fishery; distance function; elasticities of substitution; efficiency;
    All these keywords.

    JEL classification:

    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery

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