mitigation of the risk of adverse price changes in the spot market. We examine the hedging efficiency of three types of hedging … Atlantic salmon. The best hedging efficiency is achieved with a simple one-to-one hedge, closely followed by the bivariate …

The paper provides the first ex-post estimates of the effects on technical efficiency of input controls in a fishery … stochastic production frontier is estimated to analyse the efficiency impacts of input controls on engine and vessel size. The … results indicate that technical efficiency is increasing in a measure of vessel size and engine capacity that was controlled …

efficiency. Despite some improvements in short-run measures of cost efficiency, overall the fishing fleet still remains well …

The paper presents the results of an economic experiment in which the effects of fees on allocative efficiency of … distribution of permits. Interestingly, a fixed tax enhances efficiency compared to the case of no fees, while retraction and … reallocation by auction reduces efficiency compared to both alternative treatments. Apparently, subjects’ decision making is …

efficiency. Despite some improvements in short-run measures of cost efficiency, overall the fishing fleet still remains well …

derive implications for efficiency and moral hazard issues associated with the implementation of HACCP systems. The results … efficiency gains. …