Journal
JOURNAL OF THE WORLD AQUACULTURE SOCIETY
Volume 44, Issue 6, Pages 795-804Publisher
WILEY-BLACKWELL
DOI: 10.1111/jwas.12085
Keywords
-
Categories
Ask authors/readers for more resources
The Yunlin coastal area is the largest oyster culture in Taiwan; however, the oyster farmers reported the negative impact of a prolonged oyster culture period and an increased operating cost in 2010. This study uses the translog cost function to consider the possibility of an oyster culture period extension to estimate oyster cost elasticity, own-price elasticities, and cross-price (substitution) elasticities, to evaluate whether the oyster farming industry in Yunlin County has economies of scale, and to assess the relationship with a substitution of inputs. We found that the Yunlin oyster culture has economies of scale, and that the oyster farmers can expand production scale to reduce costs. The own-price elasticities of demand for inputs are less than 1, indicating fairly inelastic factor demands in oyster production. The oyster farming industry displays strong substitutability between the prolonged culture period and capital input, suggesting that the oyster farming industry is more responsive to a higher prolonged culture period cost, in terms of capital input.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available