Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery
Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Agricultural & Applied Economics Association
2003
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/40300/ http://psasir.upm.edu.my/id/eprint/40300/1/Excess%20Capacity%20and%20Asymmetric%20Information%20in%20Developing%20Country%20Fisheries%20The%20Malaysian%20Purse%20Seine%20Fishery.pdf |
| _version_ | 1848849386681925632 |
|---|---|
| author | Kirkley, James E. Squires, Dale Alam, Mohammad Ferdous Ishak, Omar |
| author_facet | Kirkley, James E. Squires, Dale Alam, Mohammad Ferdous Ishak, Omar |
| author_sort | Kirkley, James E. |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries management, arise in the likely forms of management. This article discusses principal-agent issues and examines the principal-agent moral hazard issue, which is due to divorce of ownership and vessel operations. The article also illustrates a method for estimating capacity when information is limited. The Peninsular Malaysian purse seine fishery forms a case study. |
| first_indexed | 2025-11-15T09:49:34Z |
| format | Article |
| id | upm-40300 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:49:34Z |
| publishDate | 2003 |
| publisher | Agricultural & Applied Economics Association |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-403002015-09-17T00:30:44Z http://psasir.upm.edu.my/id/eprint/40300/ Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery Kirkley, James E. Squires, Dale Alam, Mohammad Ferdous Ishak, Omar Excess capacity poses a problem in many developing country fisheries. These countries often pursue a development strategy aimed at expanding capacity under open access. Sustainable development, however, requires management. Principal-agent issues from asymmetric information between the regulator and fishers, which potentially form serious obstacles to fisheries management, arise in the likely forms of management. This article discusses principal-agent issues and examines the principal-agent moral hazard issue, which is due to divorce of ownership and vessel operations. The article also illustrates a method for estimating capacity when information is limited. The Peninsular Malaysian purse seine fishery forms a case study. Agricultural & Applied Economics Association 2003 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/40300/1/Excess%20Capacity%20and%20Asymmetric%20Information%20in%20Developing%20Country%20Fisheries%20The%20Malaysian%20Purse%20Seine%20Fishery.pdf Kirkley, James E. and Squires, Dale and Alam, Mohammad Ferdous and Ishak, Omar (2003) Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery. American Journal of Agricultural Economics, 85 (3). pp. 647-662. ISSN 0002-9092; ESSN: 1467-8276 http://ajae.oxfordjournals.org/content/85/3/647 |
| spellingShingle | Kirkley, James E. Squires, Dale Alam, Mohammad Ferdous Ishak, Omar Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title | Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title_full | Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title_fullStr | Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title_full_unstemmed | Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title_short | Excess capacity and asymmetric information in developing country fisheries: the Malaysian purse seine fishery |
| title_sort | excess capacity and asymmetric information in developing country fisheries: the malaysian purse seine fishery |
| url | http://psasir.upm.edu.my/id/eprint/40300/ http://psasir.upm.edu.my/id/eprint/40300/ http://psasir.upm.edu.my/id/eprint/40300/1/Excess%20Capacity%20and%20Asymmetric%20Information%20in%20Developing%20Country%20Fisheries%20The%20Malaysian%20Purse%20Seine%20Fishery.pdf |