Estimating the elasticity of substitution between restricted and unrestricted inputs in a regulated fishery: A probit approach

Campbell, H. F. (1991) Estimating the elasticity of substitution between restricted and unrestricted inputs in a regulated fishery: A probit approach. Journal of Environmental Economics and Management, 20 3: 262-274. doi:10.1016/0095-0696(91)90012-8


Author Campbell, H. F.
Title Estimating the elasticity of substitution between restricted and unrestricted inputs in a regulated fishery: A probit approach
Journal name Journal of Environmental Economics and Management   Check publisher's open access policy
ISSN 0095-0696
1096-0449
Publication date 1991-05
Year available 1991
Sub-type Article (original research)
DOI 10.1016/0095-0696(91)90012-8
Volume 20
Issue 3
Start page 262
End page 274
Total pages 13
Place of publication Maryland Heights, MO United States
Publisher Academic Press
Collection year 1992
Language eng
Formatted abstract
Catch, effort, vessel, and skipper characteristic data for a sample of boats involved in the Tasmanian rock lobster fishery in the 1983/1984 season are used to estimate a fishing effort production function nested in a Cobb-Douglas fishery production function. The initial effort function is translog but tests suggest that the CES form cannot be rejected. The vessel's choice of fishing ground is modeled by a probit equation, the output from which is included in the OLS estimation of the production function. The elasticity of substitution between the inputs which are restricted by regulation and the other inputs is of particular interest as it determines whether input restriction is an efficient form of regulation for the fishery. The results suggest a value significantly less than unity.
Keyword Fleet
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
 
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Created: Tue, 25 Jun 2013, 17:13:42 EST by Harry Campbell on behalf of School of Economics