In this paper we are investigating how production risk may influence the way a risk averse producer like a subsistence farmer chooses optimal input levels. Risk averse producers will take into account both the mean and the variance of output, and therefore we expect them to choose input levels...

Productivity growth and competitiveness indicate that salmon supplyis price responsive. However, in the short run supply is likely to be constrainedby the biological production process, regulations, and capacity constraints. Inthis article, we estimate a restricted profit function for Norwegian...

Aquaculture production has increased rapidly during the last three decades. This is due toincreased production of established species as well as a continuous introduction of newspecies. Productivity growth is the main engine for the increased production in aquaculture,and as the accumulated...