Decommissioning programmes have been used in many countries in an attempt to reduce the level of overexploitation in fisheries. The extent to which human capital enhancement may offset capacity reductions, however, has not been previously examined. The study uses a stochastic production frontier...

Variations in the efficiency of demersal trawlers operating in the English Channel were examined through the estimation of a stochastic frontier production function. The most important measurable factor affecting efficiency was the age of the vessel. However, unmeasurable factors accounted for...