Capacity and Capacity Utilization in Common-pool Resource Industries |
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Authors: | James Kirkley Catherine J Morrison Paul Dale Squires |
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Institution: | (1) Virginia Institute of Marine Sciences, College of William and Mary, Gloucester Point, VA 23062, USA;(2) Department of Agricultural and Resource Economics, and the Giannini Foundation, University of California, Davis, Davis, CA 95616, USA;(3) U.S. National Marine Fisheries Service, Southwest Fisheries Science Center, La Jolla, CA 92038-0271, USA |
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Abstract: | Excess capacity poses one of the most pressingproblems that arise when industries exploitcommon-pool natural resources. It
entailsover-investment in the capital stock andexcessive use of variable inputs, and placesadditional exploitation pressures
on theresource stocks. Confusion persists over theappropriate definition and measurement ofcapacity and capacity utilization
for theseindustries. But understanding capacity and itsmeasurement is necessary to properly design acapacity management program.
This paperaddresses these issues by overviewing theconceptual and theoretical bases for capacityand capacity utilization measurement,identifying
specific problems for common-poolresources, outlining alternative methodologiesfor their measurement, and illustrating the
useof these definitions and measurement methods ina fisheries case study. |
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Keywords: | capacity capacity utilization common-pool resources efficiency fisheries |
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