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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Oxford University Press
2010
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Online Access: | http://ajae.oxfordjournals.org/cgi/content/short/aaq071v1 https://doi.org/10.1093/ajae/aaq071 |
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fthighwire:oai:open-archive.highwire.org:ajae:aaq071v1 2023-05-15T15:43:35+02:00 Fixed-Effect Estimation of Highly Mobile Production Technologies Horrace, William C. Schnier, Kurt E. 2010-10-05 09:01:07.0 text/html http://ajae.oxfordjournals.org/cgi/content/short/aaq071v1 https://doi.org/10.1093/ajae/aaq071 en eng Oxford University Press http://ajae.oxfordjournals.org/cgi/content/short/aaq071v1 http://dx.doi.org/10.1093/ajae/aaq071 Copyright (C) 2010, Agricultural and Applied Economics Association Article TEXT 2010 fthighwire https://doi.org/10.1093/ajae/aaq071 2016-11-16T18:33:07Z 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. Text Bering Sea HighWire Press (Stanford University) Bering Sea American Journal of Agricultural Economics 92 5 1432 1445 |
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HighWire Press (Stanford University) |
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English |
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Article |
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Article Horrace, William C. Schnier, Kurt E. Fixed-Effect Estimation of Highly Mobile Production Technologies |
topic_facet |
Article |
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 |
Text |
author |
Horrace, William C. Schnier, Kurt E. |
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 |
Oxford University Press |
publishDate |
2010 |
url |
http://ajae.oxfordjournals.org/cgi/content/short/aaq071v1 https://doi.org/10.1093/ajae/aaq071 |
geographic |
Bering Sea |
geographic_facet |
Bering Sea |
genre |
Bering Sea |
genre_facet |
Bering Sea |
op_relation |
http://ajae.oxfordjournals.org/cgi/content/short/aaq071v1 http://dx.doi.org/10.1093/ajae/aaq071 |
op_rights |
Copyright (C) 2010, Agricultural and Applied Economics Association |
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_ |
1766377758879907840 |