Abstract The stringency of the regulatory environment has been shown to negatively affect the growth of aquaculture. A technical efficiency analysis of baitfish/sportfish production in the United States was performed using a stochastic production frontier model and a jointly estimated maximum-likelihood procedure (Frontier 4.1). Determinants of inefficiency were assessed for their relationship to farm efficiency. Mean technical efficiency for U.S. baitfish and sportfish producers was found to be 77%. Several regulatory variables were found to be significant in explaining the variation in levels of efficiency, including the number of annual renewals of permits and licenses and the amount of manpower required to comply with regulations. Results support the hypothesis that the current regulatory environment in the United States has reduced efficiency and economic competitiveness of baitfish and sportfish producers.

中文翻译：

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法规对美国诱饵鱼和运动鱼生产者技术效率的影响

摘要 监管环境的严格性已被证明对水产养殖的发展产生负面影响。使用随机生产前沿模型和联合估计的最大似然程序（前沿 4.1）对美国的饵料鱼/运动鱼生产进行了技术效率分析。评估了低效率的决定因素与农场效率的关系。美国诱饵鱼和运动鱼生产商的平均技术效率为 77%。发现几个监管变量对解释效率水平的变化很重要，包括每年更新许可证和执照的次数以及遵守法规所需的人力数量。