Citation
Kirkley, James E. and Squires, Dale and Alam, Mohammad Ferdous and Ishak, Omar
(2003)
Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery.
American Journal of Agricultural Economics, 85 (3).
pp. 647-662.
ISSN 0002-9092; ESSN: 1467-8276
Abstract
Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries management, arise in the likely forms of management. This article discusses principal-agent issues and examines the principal-agent moral hazard issue, which is due to divorce of ownership and vessel operations. The article also illustrates a method for estimating capacity when information is limited. The Peninsular Malaysian purse seine fishery forms a case study.
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Official URL or Download Paper: http://ajae.oxfordjournals.org/content/85/3/647
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Agricultural & Applied Economics Association |
| Keywords: | Capacity; Data envelopment analysis; Principal-agent; Technical efficiency |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 17 Sep 2015 00:30 |
| Last Modified: | 17 Sep 2015 00:30 |
| URI: | http://psasir.upm.edu.my/id/eprint/40300 |
| Statistic Details: | View Download Statistic |
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