Q. Weninger, An analysis of the efficient production frontier in the fishery: implications for enhanced fisheries management, APPL ECON, 33(1), 2001, pp. 71-79
The transformation relationship between factor inputs and outputs - the eff
icient production frontier (EPF) - contains important information for fishe
ries managers. A directional technology distance function model of the harv
esting technology is used to measure changes in the EPF over time. Frontier
shifts are summarized with input- and output-based frontier indicators tha
t are interpreted as measures of bioeconomic productivity change. The model
is applied to the Mid-Atlantic surf clam and ocean quahog fishery.