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A Frontier Production Function for the Norwegian Cod Fisheries

  • Røgnvaldur Hannesson
  • Olav R-Hansen
  • Svein Age Dale
Part of the Nato Conference Series book series (NATOCS, volume 10)

Abstract

The problems we shall be dealing with concern economic efficiency. More precisely we shall examine whether the proportion in which labour and capital are combined in the design and operations of individual fishing vessels is efficient when related to the social opportunity cost of these factors. Furthermore we shall consider returns to scale; that is, whether the design and operations of the fishing vessels is such that economies of scale, to the extent they are present, are fully utilized.

Keywords

Production Function Opportunity Cost Production Unit Fishing Gear Fishing Vessel 
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References

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Copyright information

© Plenum Press, New York 1981

Authors and Affiliations

  • Røgnvaldur Hannesson
    • 1
  • Olav R-Hansen
    • 1
  • Svein Age Dale
    • 1
  1. 1.Department of EconomicsUniversity of BergenNorway

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