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Virginia Institute of Marine Science
S. Pascoe and D. Gréboval
Measuring Capacity in Fisheries
FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS
FAO FISHERIES TECHNICAL PAPER 445
The definition and measurement of capacity in fishing and other natural resource industries possess unique problems because of the stock-flow production technology, in which inputs are applied to the natural resource stock to produce a flow of output. In addition, there are often multiple resource stocks, corresponding to different species, with a mobile stock of capital that can exploit one or more of these stocks. In turn, this leads to three unique issues: (1) multiple stocks of capital and the resource; (2) that of aggregation or how to define the industry and resource stocks to consider; and (3), that of latent capacity or how to include stocks of capital that are currently inactive or exploit the resource stock only at low levels of variable input utilization. This paper presents appropriate definitions of capacity and methods for measuring capacity in fishing industries taking into consideration these issues.
Kirkley, James E. and Squires, Dale, "Capacity And Capacity Utilization In Fishing Industries" (2003). VIMS Books and Book Chapters. 61.