A Stochastic Production Frontier Model of the Newfoundland Snow Crab Fishery

Abstract. Since the collapse of the Newfoundland groundfishery in 1992, the snow crab fishery has become Newfoundland’s largest fishery, accounting for approximately half the value of total landings. This study uses trip log data to estimate the production frontier and the technical efficiency of th...

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Bibliographic Details
Main Author: Noel Roy
Other Authors: The Pennsylvania State University CiteSeerX Archives
Format: Text
Language:English
Subjects:
Stochastic Frontier Analysis
technical efficiency
production front ier
Newfoundland snow crab
Newfoundland
Snow crab
Online Access:http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.548.9227
http://www.ucs.mun.ca/~noelroy/NRoyIIFET2002.pdf
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Summary:Abstract. Since the collapse of the Newfoundland groundfishery in 1992, the snow crab fishery has become Newfoundland’s largest fishery, accounting for approximately half the value of total landings. This study uses trip log data to estimate the production frontier and the technical efficiency of this fishery using a Stochastic Frontier Analysis (SFA) methodology. The analysis is based on over 11,000 observations taken over a five-year period. The technical efficiency of the fishery is estimated to be at a level of fifty percent or less.

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