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Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery


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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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
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