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 representative,...
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ftsyracuseuniv:oai:surface.syr.edu:ecn-1028 2023-05-15T17:41:17+02:00 Estimating Heterogeneous Production in Fisheries Schnier, Kurt E. Anderson, Christopher M. Horrace, William C 2006-03-01T08:00:00Z application/pdf https://surface.syr.edu/ecn/133 https://surface.syr.edu/cgi/viewcontent.cgi?article=1028&context=ecn unknown SURFACE at Syracuse University https://surface.syr.edu/ecn/133 https://surface.syr.edu/cgi/viewcontent.cgi?article=1028&context=ecn Economics - Faculty Scholarship tbd Economics text 2006 ftsyracuseuniv 2022-01-09T19:20:51Z 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) |
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Syracuse University Research Facility And Collaborative Environment (SUrface) |
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ftsyracuseuniv |
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tbd Economics |
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tbd Economics Schnier, Kurt E. Anderson, Christopher M. Horrace, William C Estimating Heterogeneous Production in Fisheries |
topic_facet |
tbd 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 C |
author_facet |
Schnier, Kurt E. Anderson, Christopher M. Horrace, William C |
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/ecn/133 https://surface.syr.edu/cgi/viewcontent.cgi?article=1028&context=ecn |
genre |
Northeast Atlantic |
genre_facet |
Northeast Atlantic |
op_source |
Economics - Faculty Scholarship |
op_relation |
https://surface.syr.edu/ecn/133 https://surface.syr.edu/cgi/viewcontent.cgi?article=1028&context=ecn |
_version_ |
1766142750209605632 |