Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery

16 Pages Posted: 2 Apr 2020

See all articles by James Kirkley

James Kirkley

College of William and Mary

Dale Squires

Government of the United States of America - National Marine Fisheries Service (NOAA Fisheries Service)

Mohammad Ferdous Alam

affiliation not provided to SSRN

Haji Omar Ishak

Universiti Putra Malaysia - Faculty of Economics and Management

Date Written: August 2003

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.

Keywords: capacity, data envelopment analysis, principal‐agent, technical efficiency

Suggested Citation

Kirkley, James and Squires, Dale and Alam, Mohammad Ferdous and Ishak, Haji Omar, Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery (August 2003). American Journal of Agricultural Economics, Vol. 85, Issue 3, pp. 647-662, 2003, Available at SSRN: https://ssrn.com/abstract=3566337 or http://dx.doi.org/10.1111/1467-8276.00462

James Kirkley (Contact Author)

College of William and Mary

Dale Squires

Government of the United States of America - National Marine Fisheries Service (NOAA Fisheries Service) ( email )

8604 La Jolla Shores Drive
La Jolla, CA 92038-0271
United States
858-546-7113 (Phone)
858-546-7003 (Fax)

Mohammad Ferdous Alam

affiliation not provided to SSRN

No Address Available

Haji Omar Ishak

Universiti Putra Malaysia - Faculty of Economics and Management ( email )

Selangor Darul Ehsan
Serdang, Selangor 43400
Malaysia
603-9486101 Ext. 1631 (Phone)
603-9486188 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1
Abstract Views
60
PlumX Metrics