Walden et al.: Measuring change in productivity of a fishery with the Bennet-Bowley indicator 
283 
Acknowledgments 
We thank E. Thunberg, M. Simpkins, and 2 anonymous 
reviewers for helpful comments and suggestions. This 
research was funded by the Office of Science and Tech- 
nology, National Marine Fisheries Service. The views in 
this article are the authors alone and do not represent 
those of Oregon State University. 
Literature cited 
Balk, B. M. 
2010. An assumption-free framework for measuring pro- 
ductivity channge. Rev. incone wealth 56:S224-S256. 
2011. Measuring and decomposing capital input 
cost. Rev. Income Wealth 57:490-512. 
Brandt, S. 
2007. Evaluating tradable property rights for natural re- 
sources: the role of strategic entry and exit. J. Econ. 
Behav. Organ. 63:158-176. 
Christensen, L. R., and D. W. Jorgenson. 
1969. The measurement of U.S. real capital input, 1929- 
1967. Rev. Income Wealth 15:293-320. 
Clay, P. M., A. Kittts, and P. Pinto da Silva. 
2014. Measuring the social and economic performance 
of catch share programs: definition of metrics and ap- 
plication to the U.S. Northeast Region groundfish fish- 
ery. Mar. Policy 44:27-36. 
Diewert, W. E. 
2005. Index number theory using differences rather than 
ratios. Am. J. Econ. Sociol. 64:311-360. 
Dupont, D. P., K. J. Fox, D. V. Gordon, and R. Q. Grafton. 
2005. Profit and price effects of multi-species individual 
transferable quotas. J. Agric. Econ. 56:31-57. 
Fare, R., S. Grosskopf, and D. Margaritis. 
2008. Efficiency and productivity: Malmquist and more. 
In The measurement of productive efficiency and pro- 
ductivity growth (H. O. Fried, C. A. K. Lovell, and S. 
S. Schmidt, eds.) p. 522-621. Oxford Univ. Press, New 
York. 
Fare, R., S. Grosskopf, and J. Walden. 
2015. Productivity change and fleet restructuring after 
transition to individual transferable quota manage- 
ment. Mar. Policy 62:318-325. 
Fox, K. J., R. Q. Grafton, J. Kirkley, and D. Squires. 
2003. Property rights in a fishery: regulatory change 
and firm performance. J. Environ. Econ. Manage. 46: 
156-177. 
Jin, D., E. Thunberg, H. Kite-Powell, and K. Blake. 
2002. Total factor productivity change in the New Eng- 
land groundfish fishery: 1964-1993. J. Environ. Econ. 
Manage. 44:540-556. 
Lee, M.-Y. A., and E. M. Thunberg. 
2013. An inverse demand system for New England ground- 
fish: welfare analysis of the transition to catch share 
management. Am. J. Agric. Econ. 95:1178-1195. 
Murphy, T., A. Kitts, C. Demarest, and J. Walden. 
2015. 2013 final report on the performance of the north- 
east multispecies (groundfish) fishery (May 2013-April 
2014). U.S. Dep. Commerce, Northeast Fish. Sci. Cent. 
Ref. Doc. 15-02, 106 p. Document 
Natividad, G. 
2015. Quotas, productivity, and prices: the case of anchovy 
fishing. J. Econ. Manage. Strategy 25:220-257. 
Npstbakken, L. 
2012. Investment drivers in a fishery with tradable quo- 
tas. Land Econ. 88:400-424. 
Pan, M., and J. Walden. 
2015. Measuring productivity in a shared stock fishery: 
a case study of the Hawaii longline fishery. Mar. Policy 
62:302-308. 
Skirtun, M., and S. Vieira. 
2012. Understanding the drivers of profitability in Com- 
monwealth fisheries electronic resource. ABARES Tech. 
Rep. 12.4, 46 p. Aust. Bur. Agric. Res. Econ. Sci., Can- 
berra, Australia. 
Squires, D. 
1992. Productivity measurement in common property 
resource industries: an application to the Pacific coast 
trawl fishery. RAND J. Econ. 23:221-236. 
Squires, D., M. Maunder, N. Vestergaard, V. Restrepo, R. 
Metzner, S. Herrick Jr., I. del Valle, and P. Andersen. 
2016. Effort rights in fisheries management: General 
principles and case studies from around the world. In 
Effort rights in fisheries management: general prin- 
ciples and case studies from around the world; Bilbao, 
Spain, 17-20 September 2012 (D. Squires, M. Maunder, 
N. Vestergaard, V. Restrepo, R. Metzner, S. Herrick Jr., 
R. Hannesson, I. del Valle, and P. Andersen, eds.), p. 
1-9. FAO Fish. Aquae. Proc. 34. FAO, Rome. 
Stephan, M., and S. Vieira. 
2013. Productivity analysis of key Commonwealth fisher- 
ies. ABARES Tech. Rep. 13.09, 44 p. Aust. Bur. Agric. 
Res. Econ. Sci., Canberra, Australia. [Available from 
website.] 
Thunberg, E., J. Walden, J. Agar, R. Felthoven, A. Harley, S. 
Kasperski, J. Lee, T. Lee, A. Mamula, J. Stephen, and A. 
Strelcheck. 
2015. Measuring changes in multi-factor productivity in 
U.S. catch share fisheries. Mar. Policy 62:294-301. 
Walden, J. B., and N. Kitts. 
2014. Measuring fishery profitability: an index number 
approach. Mar. Policy 43:321-326. 
Walden, J. B., J. E. Kirkley, R. Fare, and P. Logan. 
2012. Productivity change under an individual transfer- 
able quota management system. Am. J. Agric. Econ. 
94:913-928. 
Walden, J., B. Fissel, D. Squires, and N. Vestergaard. 
2015. Productivity change in commercial fisheries: an in- 
troduction to the special issue. Mar. Policy 62:289-293. 
