Fixed‐Effect Estimation of Highly Mobile Production Technologies
We consider fixed‐effect estimation of a production function where inputs and outputs vary over time, space, and individual, and identify estimates of time‐varying individual effects, without parametric assumptions on the effects. We discuss sufficient conditions for unbiasedness and for consistency...
Published in: | American Journal of Agricultural Economics |
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Language: | English |
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Online Access: | http://dx.doi.org/10.1093/ajae/aaq071 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1093%2Fajae%2Faaq071 https://onlinelibrary.wiley.com/doi/pdf/10.1093/ajae/aaq071 https://onlinelibrary.wiley.com/doi/full-xml/10.1093/ajae/aaq071 |
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crwiley:10.1093/ajae/aaq071 2024-06-02T08:04:21+00:00 Fixed‐Effect Estimation of Highly Mobile Production Technologies Horrace, William C. Schnier, Kurt E. 2010 http://dx.doi.org/10.1093/ajae/aaq071 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1093%2Fajae%2Faaq071 https://onlinelibrary.wiley.com/doi/pdf/10.1093/ajae/aaq071 https://onlinelibrary.wiley.com/doi/full-xml/10.1093/ajae/aaq071 en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor American Journal of Agricultural Economics volume 92, issue 5, page 1432-1445 ISSN 0002-9092 1467-8276 journal-article 2010 crwiley https://doi.org/10.1093/ajae/aaq071 2024-05-03T11:59:45Z We consider fixed‐effect estimation of a production function where inputs and outputs vary over time, space, and individual, and identify estimates of time‐varying individual effects, without parametric assumptions on the effects. We discuss sufficient conditions for unbiasedness and for consistency and asymptotic normality along the spatial dimension. Results are applied to estimation of a harvest function for bottom trawler fishing vessels in the flatfish and groundfish fisheries of the Bering Sea. We conclude that vessel individual effects did not change between 2002 and 2004. Ranking and selection theory determines that individual effects are not statistically significant across vessels. Article in Journal/Newspaper Bering Sea Wiley Online Library Bering Sea American Journal of Agricultural Economics 92 5 1432 1445 |
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Open Polar |
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Wiley Online Library |
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crwiley |
language |
English |
description |
We consider fixed‐effect estimation of a production function where inputs and outputs vary over time, space, and individual, and identify estimates of time‐varying individual effects, without parametric assumptions on the effects. We discuss sufficient conditions for unbiasedness and for consistency and asymptotic normality along the spatial dimension. Results are applied to estimation of a harvest function for bottom trawler fishing vessels in the flatfish and groundfish fisheries of the Bering Sea. We conclude that vessel individual effects did not change between 2002 and 2004. Ranking and selection theory determines that individual effects are not statistically significant across vessels. |
format |
Article in Journal/Newspaper |
author |
Horrace, William C. Schnier, Kurt E. |
spellingShingle |
Horrace, William C. Schnier, Kurt E. Fixed‐Effect Estimation of Highly Mobile Production Technologies |
author_facet |
Horrace, William C. Schnier, Kurt E. |
author_sort |
Horrace, William C. |
title |
Fixed‐Effect Estimation of Highly Mobile Production Technologies |
title_short |
Fixed‐Effect Estimation of Highly Mobile Production Technologies |
title_full |
Fixed‐Effect Estimation of Highly Mobile Production Technologies |
title_fullStr |
Fixed‐Effect Estimation of Highly Mobile Production Technologies |
title_full_unstemmed |
Fixed‐Effect Estimation of Highly Mobile Production Technologies |
title_sort |
fixed‐effect estimation of highly mobile production technologies |
publisher |
Wiley |
publishDate |
2010 |
url |
http://dx.doi.org/10.1093/ajae/aaq071 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1093%2Fajae%2Faaq071 https://onlinelibrary.wiley.com/doi/pdf/10.1093/ajae/aaq071 https://onlinelibrary.wiley.com/doi/full-xml/10.1093/ajae/aaq071 |
geographic |
Bering Sea |
geographic_facet |
Bering Sea |
genre |
Bering Sea |
genre_facet |
Bering Sea |
op_source |
American Journal of Agricultural Economics volume 92, issue 5, page 1432-1445 ISSN 0002-9092 1467-8276 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1093/ajae/aaq071 |
container_title |
American Journal of Agricultural Economics |
container_volume |
92 |
container_issue |
5 |
container_start_page |
1432 |
op_container_end_page |
1445 |
_version_ |
1800748987146305536 |