Estimating Heterogeneous Production in Fisheries
Stochastic production frontier models are used extensively in the agricultural and resource economics literature to estimate production functions and technical efficiency, as well as to guide policy. Traditionally these models assume that each agent's production can be specified as a representa...
Main Authors: | , , |
---|---|
Format: | Text |
Language: | English |
Published: |
SURFACE at Syracuse University
2006
|
Subjects: | |
Online Access: | https://surface.syr.edu/cpr/84 https://surface.syr.edu/context/cpr/article/1083/viewcontent/wp80.pdf |
id |
ftsyracuseuniv:oai:surface.syr.edu:cpr-1083 |
---|---|
record_format |
openpolar |
spelling |
ftsyracuseuniv:oai:surface.syr.edu:cpr-1083 2024-09-15T18:25:21+00:00 Estimating Heterogeneous Production in Fisheries Schnier, Kurt E. Anderson, Christopher M. Horrace, William Clinton 2006-01-01T08:00:00Z application/pdf https://surface.syr.edu/cpr/84 https://surface.syr.edu/context/cpr/article/1083/viewcontent/wp80.pdf English eng SURFACE at Syracuse University https://surface.syr.edu/cpr/84 https://surface.syr.edu/context/cpr/article/1083/viewcontent/wp80.pdf Center for Policy Research latent class regression EC algorithm stochastic production frontier technical efficiency Economics text 2006 ftsyracuseuniv 2024-08-09T03:26:01Z Stochastic production frontier models are used extensively in the agricultural and resource economics literature to estimate production functions and technical efficiency, as well as to guide policy. Traditionally these models assume that each agent's production can be specified as a representative, homogeneous function. This paper proposes the synthesis of a latent class regression and an agricultural production frontier model to estimate technical efficiency while allowing for the possibility of production heterogeneity. We use this model to estimate a latent class production function and efficiency measures for vessels in the Northeast Atlantic herring fishery. Our results suggest that traditional measures of technical efficiency may be incorrect, if heterogeneity of agricultural production exists. Text Northeast Atlantic Syracuse University Research Facility And Collaborative Environment (SUrface) |
institution |
Open Polar |
collection |
Syracuse University Research Facility And Collaborative Environment (SUrface) |
op_collection_id |
ftsyracuseuniv |
language |
English |
topic |
latent class regression EC algorithm stochastic production frontier technical efficiency Economics |
spellingShingle |
latent class regression EC algorithm stochastic production frontier technical efficiency Economics Schnier, Kurt E. Anderson, Christopher M. Horrace, William Clinton Estimating Heterogeneous Production in Fisheries |
topic_facet |
latent class regression EC algorithm stochastic production frontier technical efficiency Economics |
description |
Stochastic production frontier models are used extensively in the agricultural and resource economics literature to estimate production functions and technical efficiency, as well as to guide policy. Traditionally these models assume that each agent's production can be specified as a representative, homogeneous function. This paper proposes the synthesis of a latent class regression and an agricultural production frontier model to estimate technical efficiency while allowing for the possibility of production heterogeneity. We use this model to estimate a latent class production function and efficiency measures for vessels in the Northeast Atlantic herring fishery. Our results suggest that traditional measures of technical efficiency may be incorrect, if heterogeneity of agricultural production exists. |
format |
Text |
author |
Schnier, Kurt E. Anderson, Christopher M. Horrace, William Clinton |
author_facet |
Schnier, Kurt E. Anderson, Christopher M. Horrace, William Clinton |
author_sort |
Schnier, Kurt E. |
title |
Estimating Heterogeneous Production in Fisheries |
title_short |
Estimating Heterogeneous Production in Fisheries |
title_full |
Estimating Heterogeneous Production in Fisheries |
title_fullStr |
Estimating Heterogeneous Production in Fisheries |
title_full_unstemmed |
Estimating Heterogeneous Production in Fisheries |
title_sort |
estimating heterogeneous production in fisheries |
publisher |
SURFACE at Syracuse University |
publishDate |
2006 |
url |
https://surface.syr.edu/cpr/84 https://surface.syr.edu/context/cpr/article/1083/viewcontent/wp80.pdf |
genre |
Northeast Atlantic |
genre_facet |
Northeast Atlantic |
op_source |
Center for Policy Research |
op_relation |
https://surface.syr.edu/cpr/84 https://surface.syr.edu/context/cpr/article/1083/viewcontent/wp80.pdf |
_version_ |
1810465857056276480 |