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

Posted: 24 Nov 2003

See all articles by Jim Kirkley

Jim Kirkley

College of William and Mary - Virginia Institute of Marine Sciences

Dale Squires

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

Mohammed Ferdous Alam

Bangladesh Agricultural University

Haji Omar Ishak

Universiti Putra Malaysia - Faculty of Economics and Management

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.

Suggested Citation

Kirkley, Jim and Squires, Dale and Alam, Mohammed Ferdous and Ishak, Haji Omar, Excess Capacity and Asymmetric Information in Developing Country Fisheries: The Malaysian Purse Seine Fishery. American Journal of Agricultural Economics, Vol. 85, pp. 647-662, August 2003. Available at SSRN: https://ssrn.com/abstract=418790

Jim Kirkley (Contact Author)

College of William and Mary - Virginia Institute of Marine Sciences ( email )

Gloucester Point, VA 23062-1346
United States

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)

Mohammed Ferdous Alam

Bangladesh Agricultural University

Mymensingh, 2202
Bangladesh

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)

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