Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan
Abstract The Yunlin coastal area is the largest oyster culture in Taiwan; however, the oyster farmers reported the negative impact of a prolonged oyster culture period and an increased operating cost in 2010. This study uses the translog cost function to consider the possibility of an oyster culture...
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crwiley:10.1111/jwas.12085 2023-12-03T10:21:36+01:00 Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan Huang, Jung‐Fu Lee, Jie‐Min Sun, Po‐Chen 2013 http://dx.doi.org/10.1111/jwas.12085 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fjwas.12085 https://onlinelibrary.wiley.com/doi/pdf/10.1111/jwas.12085 en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor Journal of the World Aquaculture Society volume 44, issue 6, page 795-804 ISSN 0893-8849 1749-7345 Agronomy and Crop Science Aquatic Science journal-article 2013 crwiley https://doi.org/10.1111/jwas.12085 2023-11-09T14:13:42Z Abstract The Yunlin coastal area is the largest oyster culture in Taiwan; however, the oyster farmers reported the negative impact of a prolonged oyster culture period and an increased operating cost in 2010. This study uses the translog cost function to consider the possibility of an oyster culture period extension to estimate oyster cost elasticity, own‐price elasticities, and cross‐price (substitution) elasticities, to evaluate whether the oyster farming industry in Yunlin County has economies of scale, and to assess the relationship with a substitution of inputs. We found that the Yunlin oyster culture has economies of scale, and that the oyster farmers can expand production scale to reduce costs. The own‐price elasticities of demand for inputs are less than 1, indicating fairly inelastic factor demands in oyster production. The oyster farming industry displays strong substitutability between the prolonged culture period and capital input, suggesting that the oyster farming industry is more responsive to a higher prolonged culture period cost, in terms of capital input. Article in Journal/Newspaper Crassostrea gigas Pacific oyster Wiley Online Library (via Crossref) Pacific Journal of the World Aquaculture Society 44 6 795 804 |
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Open Polar |
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Wiley Online Library (via Crossref) |
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crwiley |
language |
English |
topic |
Agronomy and Crop Science Aquatic Science |
spellingShingle |
Agronomy and Crop Science Aquatic Science Huang, Jung‐Fu Lee, Jie‐Min Sun, Po‐Chen Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
topic_facet |
Agronomy and Crop Science Aquatic Science |
description |
Abstract The Yunlin coastal area is the largest oyster culture in Taiwan; however, the oyster farmers reported the negative impact of a prolonged oyster culture period and an increased operating cost in 2010. This study uses the translog cost function to consider the possibility of an oyster culture period extension to estimate oyster cost elasticity, own‐price elasticities, and cross‐price (substitution) elasticities, to evaluate whether the oyster farming industry in Yunlin County has economies of scale, and to assess the relationship with a substitution of inputs. We found that the Yunlin oyster culture has economies of scale, and that the oyster farmers can expand production scale to reduce costs. The own‐price elasticities of demand for inputs are less than 1, indicating fairly inelastic factor demands in oyster production. The oyster farming industry displays strong substitutability between the prolonged culture period and capital input, suggesting that the oyster farming industry is more responsive to a higher prolonged culture period cost, in terms of capital input. |
format |
Article in Journal/Newspaper |
author |
Huang, Jung‐Fu Lee, Jie‐Min Sun, Po‐Chen |
author_facet |
Huang, Jung‐Fu Lee, Jie‐Min Sun, Po‐Chen |
author_sort |
Huang, Jung‐Fu |
title |
Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
title_short |
Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
title_full |
Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
title_fullStr |
Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
title_full_unstemmed |
Prolonged Culture Period on Production Cost and Factor Input: A Case from the Pacific Oyster, Crassostrea gigas , Farming Industry in Yunlin County, Taiwan |
title_sort |
prolonged culture period on production cost and factor input: a case from the pacific oyster, crassostrea gigas , farming industry in yunlin county, taiwan |
publisher |
Wiley |
publishDate |
2013 |
url |
http://dx.doi.org/10.1111/jwas.12085 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fjwas.12085 https://onlinelibrary.wiley.com/doi/pdf/10.1111/jwas.12085 |
geographic |
Pacific |
geographic_facet |
Pacific |
genre |
Crassostrea gigas Pacific oyster |
genre_facet |
Crassostrea gigas Pacific oyster |
op_source |
Journal of the World Aquaculture Society volume 44, issue 6, page 795-804 ISSN 0893-8849 1749-7345 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/jwas.12085 |
container_title |
Journal of the World Aquaculture Society |
container_volume |
44 |
container_issue |
6 |
container_start_page |
795 |
op_container_end_page |
804 |
_version_ |
1784269362535858176 |