In this paper, the own and cross-price flexibilities for four high valued species (bass, lobster, sole and turbot) landed in the UK are estimated. System of equation models were developed using the vector error correction model (VECM) approach. Johansen's multivariate approach was used to obtain...

Relationships between prices are of interest when testing for market integration as well as analyses of supply chains. A feature that has received little attention is that if two supply chains are linked by market integration at some stage, then the whole supply chain will be linked....

The measurement of technical efficiency requires the estimation of an appropriate production frontier. This is based on a set of inputs that are assumed to influence the level of output. Deviations from this frontier production function are separated into random variation and inefficiency....

The Common Fisheries Policy (CFP) aims to achieve a balance between the European fleet capacity and the resources available. This can be realized either by temporarily reducing the fishing effort (i.e. capacity utilization) or quotas in the hope of increasing the resources available or reducing...

Bycatch of threatened, endangered or protected species by commercial fishers is a universal problem. Technical solutions are often applied that may impose inefficiencies across the fleet, even in periods or areas when the risk of bycatch is low. These may include gear specifically designed to...

Fisheries economic analysis is often handicapped by the lack of adequate data to undertake robust econometric analyses. In this study, a translog cost function was required to estimate the potential direction of adjustment in a UK fleet segment if a new regulatory regime was introduced. However,...