A Stochastic Production Frontier Model of the Newfoundland Snow Crab Fishery
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...
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| Format: | Report |
| Language: | English unknown |
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International Institute of Fisheries Economics and Trade
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| Online Access: | https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/5q47rq23f |
| Summary: | 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. Keywords: Theoretical and Empirical Bio-Economic Modelling, Newfoundland snow crab, Stochastic Frontier Analysis, production frontier, Fisheries Economics, technical efficiency |
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