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• 21. [Article] Managing Capacity in An Ivq (Individual Vessel Quota) Regime

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  Citation × Citation Citation Abstract Copy Title: Managing Capacity in An Ivq (Individual Vessel Quota) Regime Author: Standal, Dag No poster available. Title: Managing Capacity in An Ivq (Individual Vessel Quota) Regime Author: Standal, Dag No poster available. Close

• 22. [Article] A Simple Buy-back Auction for Fisheries Management

  presentation

  Citation × Citation Citation Abstract Copy Title: A Simple Buy-back Auction for Fisheries Management Author: Groves, Ted, Ledyard, John presentation Title: A Simple Buy-back Auction for Fisheries Management Author: Groves, Ted, Ledyard, John presentation Close

• 23. [Article] Capital Utilization and investment Decisions: A Case Study for the Netherlands

  In this paper a data envelopment model is presented to evaluate short term investment decisions in the Dutch beam trawl and demersal fleet. We investigated how short run profit drives investment decisions ...

  Citation × Citation Citation Abstract Copy Title: Capital Utilization and investment Decisions: A Case Study for the Netherlands Author: Buisman, Erik, Bartelings, Heleen In this paper a data envelopment model is presented to evaluate short term investment decisions in the Dutch beam trawl and demersal fleet. We investigated how short run profit drives investment decisions and how a data envelopment analysis can be used to show what the optimal level of capital use is and how investment in variable and fixed inputs can optimize the output of the sector. The degree of capital utilization can be seen as a measure of whether firms should invest or disinvest in their capital assets. Capital utilization also measures to which extent idle and excess capacity is present in a firm. Differences in capital utilization mainly depend on the degree in which a firm can adjust fixed capital in the short run. It therefore should be a key economic parameter to evaluate the performance of a sector. We measured the physical capital utilization for the Dutch beam trawl and demersal fleet for 2005 and decomposed the capacity utilization into technical efficiency, economic capital utilization and optimal capacity idleness. Furthermore we illustrated how the economic capacity measure can be used to predict investment decisions in the fleet. Results show that economic capital utilization inefficiency is on average 13%, which indicates that landings could have been 13% higher then they were if the fleet operated 100% efficiently. About 1% of the capacity utilization inefficiency is caused by idle/excess capacity. This very low percentage indicates that there are few indivisibilities in the input for the Dutch beam trawl and demersal fleet. Based on short term profit maximization it is clear that it is optimal to make as much use of the available capital as possible. The remaining 12% can be attributed to economic capacity inefficiency and technical inefficiency in the fleet. Vessels with a low capital utilization are more likely to disinvest than vessels with a high capital utilization. Vessels with a capital utilization that is higher than unity almost always will choose to invest. Title: Capital Utilization and investment Decisions: A Case Study for the Netherlands Author: Buisman, Erik, Bartelings, Heleen In this paper a data envelopment model is presented to evaluate short term investment decisions in the Dutch beam trawl and demersal fleet. We investigated how short run profit drives investment decisions and how a data envelopment analysis can be used to show what the optimal level of capital use is and how investment in variable and fixed inputs can optimize the output of the sector. The degree of capital utilization can be seen as a measure of whether firms should invest or disinvest in their capital assets. Capital utilization also measures to which extent idle and excess capacity is present in a firm. Differences in capital utilization mainly depend on the degree in which a firm can adjust fixed capital in the short run. It therefore should be a key economic parameter to evaluate the performance of a sector. We measured the physical capital utilization for the Dutch beam trawl and demersal fleet for 2005 and decomposed the capacity utilization into technical efficiency, economic capital utilization and optimal capacity idleness. Furthermore we illustrated how the economic capacity measure can be used to predict investment decisions in the fleet. Results show that economic capital utilization inefficiency is on average 13%, which indicates that landings could have been 13% higher then they were if the fleet operated 100% efficiently. About 1% of the capacity utilization inefficiency is caused by idle/excess capacity. This very low percentage indicates that there are few indivisibilities in the input for the Dutch beam trawl and demersal fleet. Based on short term profit maximization it is clear that it is optimal to make as much use of the available capital as possible. The remaining 12% can be attributed to economic capacity inefficiency and technical inefficiency in the fleet. Vessels with a low capital utilization are more likely to disinvest than vessels with a high capital utilization. Vessels with a capital utilization that is higher than unity almost always will choose to invest. Close

• 24. [Article] Production efficiency and capacity utilisation of Queensland’s Sydney rock oyster (SRO) industry

  Presentation

  Citation × Citation Citation Abstract Copy Title: Production efficiency and capacity utilisation of Queensland’s Sydney rock oyster (SRO) industry Author: Schrobback, Peggy Presentation Title: Production efficiency and capacity utilisation of Queensland’s Sydney rock oyster (SRO) industry Author: Schrobback, Peggy Presentation Close

• 25. [Article] The British Columbia Salmon Fishery “Buyback” Program? A Case Study in Capacity Reduction

  Research Paper

  Citation × Citation Citation Abstract Copy Title: The British Columbia Salmon Fishery “Buyback” Program? A Case Study in Capacity Reduction Author: James, Michelle Research Paper Title: The British Columbia Salmon Fishery “Buyback” Program? A Case Study in Capacity Reduction Author: James, Michelle Research Paper Close

• 26. [Article] Over-capacity, Regulation and Rent: A Norwegian Case Study

  Research Paper

  Citation × Citation Citation Abstract Copy Title: Over-capacity, Regulation and Rent: A Norwegian Case Study Author: Gordon, Daniel V., Asche, Frank, Bjorndal, Trond Research Paper Title: Over-capacity, Regulation and Rent: A Norwegian Case Study Author: Gordon, Daniel V., Asche, Frank, Bjorndal, Trond Research Paper Close

• 27. [Article] Who pay the cost of the reduction of the large scale purse seine vessels?

  Abstract Only

  Citation × Citation Citation Abstract Copy Title: Who pay the cost of the reduction of the large scale purse seine vessels? Author: Shibata, Takashi Abstract Only Title: Who pay the cost of the reduction of the large scale purse seine vessels? Author: Shibata, Takashi Abstract Only Close

• 28. [Article] Who pays the cost of the reduction of the large scale purse seine vessels?

  Abstract Only

  Citation × Citation Citation Abstract Copy Title: Who pays the cost of the reduction of the large scale purse seine vessels? Author: Shibata, Takashi Abstract Only Title: Who pays the cost of the reduction of the large scale purse seine vessels? Author: Shibata, Takashi Abstract Only Close

• 29. [Article] The Peruvian Anchovy Sector: Costs and Benefits. An analysis of recent behavior and future challenges

  The paper analyzes the recent behavior of the Peruvian Anchoveta Sector, the largest single stock fishery in the world. It describes the different phases of boom and contraction that it has undergone since ...

  Citation × Citation Citation Abstract Copy Title: The Peruvian Anchovy Sector: Costs and Benefits. An analysis of recent behavior and future challenges Author: Gutierrez, Maria E., Paredes, Carlos E. The paper analyzes the recent behavior of the Peruvian Anchoveta Sector, the largest single stock fishery in the world. It describes the different phases of boom and contraction that it has undergone since the 1960s, and how the lack of adequate regulation allowed –and even fostered– over-investment in the sector during the past 20 years. The unsurprising consequence of this policy regime is that the current size of both the fishing fleet and the processing plants is grossly oversized. Indeed, excess fleet capacity could be in the neighborhood of 60-70%, while the excess processing capacity of the plants is even more dramatic (between 65% and 80%). The economic costs entailed by this excess capacity are discussed in the paper. Estimates of resource rent loss using a modified version of the Excel program developed for such a purpose within the framework of the World Bank / FAO’s “Rent Drain” project are presented. This version allows the estimation of rent loss accruing from the fleet’s excess capacity (and ensuing large fixed costs). Using detailed cost structures for fleet and plants, the paper estimates that current aggregate foregone profits amount to US$400 million per year. The last section of the paper identifies and discusses a series of policy options and challenges for reform in the near future, including the adoption of ITQs and institutional change to deal with corruption. Title: The Peruvian Anchovy Sector: Costs and Benefits. An analysis of recent behavior and future challenges Author: Gutierrez, Maria E., Paredes, Carlos E. The paper analyzes the recent behavior of the Peruvian Anchoveta Sector, the largest single stock fishery in the world. It describes the different phases of boom and contraction that it has undergone since the 1960s, and how the lack of adequate regulation allowed –and even fostered– over-investment in the sector during the past 20 years. The unsurprising consequence of this policy regime is that the current size of both the fishing fleet and the processing plants is grossly oversized. Indeed, excess fleet capacity could be in the neighborhood of 60-70%, while the excess processing capacity of the plants is even more dramatic (between 65% and 80%). The economic costs entailed by this excess capacity are discussed in the paper. Estimates of resource rent loss using a modified version of the Excel program developed for such a purpose within the framework of the World Bank / FAO’s “Rent Drain” project are presented. This version allows the estimation of rent loss accruing from the fleet’s excess capacity (and ensuing large fixed costs). Using detailed cost structures for fleet and plants, the paper estimates that current aggregate foregone profits amount to US$400 million per year. The last section of the paper identifies and discusses a series of policy options and challenges for reform in the near future, including the adoption of ITQs and institutional change to deal with corruption. Close

• 30. [Article] Efficiency in multilevel decision making systems: A comparative analysis of Italian buyback programs

  Research Paper

  Citation × Citation Citation Abstract Copy Title: Efficiency in multilevel decision making systems: A comparative analysis of Italian buyback programs Author: Spagnolo, Massimo Research Paper Title: Efficiency in multilevel decision making systems: A comparative analysis of Italian buyback programs Author: Spagnolo, Massimo Research Paper Close