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Rational Inefficiency in Fisheries

By Andersen, J. L.

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Book Id: WPLBN0000101940
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: Available via World Wide Web.
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Title: Rational Inefficiency in Fisheries  
Author: Andersen, J. L.
Volume:
Language: English
Subject: United Nations., Food and Agriculture Organization of the United Nations. FAO agriculture series, Agriculture
Collections: United Nations Food and Agriculture Organization Collection
Historic
Publication Date:
Publisher: Food and Agriculture Organization of the United Nations; Digitizer: Fao

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Andersen, J. L. (n.d.). Rational Inefficiency in Fisheries. Retrieved from http://www.hawaiilibrary.net/


Description
Nutrition Reference Publication

Summary
Electronic reproduction.

Excerpt
Excerpt: Evaluating the efficiency of Decision Making Unit is performed ex post and not ex ante. This may be a harsh method of evaluation, especially if the DMUs are operating in environments, which are characterised by significant uncertainty. Fishermen are often considered to operate in such an environment. The output arising from using given inputs is seldom known with certainty, because external factors such as availability of fish, equipment performance and weather (Gates, 1984) may have a significant influence. Thus, when fishermen decide the inputs to bring on a trip, they try to be in the best possible position to handle the expected uncertainty. This may result in bringing excess inputs that are not used, and therefore being interpreted as inefficiency in ex post analysis despite that it may have been rational to bring these. One can denote such inefficiency as rational inefficiency.

 

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