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    Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.12348/3611

    Microeconomics of existing aquaculture production systems: basic concepts and definitions

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    Abstract
    • The paper focuses on the role of the relative prices in farmers' production behaviour and presents a model for explaining output variations among farmers. In the context of this production mode, the concepts of output elasticity, economies of scale, and technical and economic efficiency are explained using illustrative examples. The type of data used and the estimation techniques are briefly described and the distinction between average and frontier production functions is emphasized.
    Collections
    • Sustainable aquaculture [1929]
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    • WF_2009.pdf (845.7Kb)
    Date
    • 1982
    Author
    • Smith, I.R.
    AGROVOC Keywords
    • aquaculture; farmers
    Type
    • Book Chapter
    Publisher
    • ICLARM
    Metadata
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