Estimating Heterogeneous Primal Capacity and Capacity Utilization Measures in a Multi-Species Fishery

Ronald G. Felthoven, William Horrace and Kurt Schnier ()

No 21276, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We use a stochastic production frontier model to investigate the presence of heterogeneous production and its impact on fleet capacity and capacity utilization in a multi-species fishery. Furthermore, we propose a new fleet capacity estimate that incorporates complete information on the stochastic differences between each vessel-specific technical efficiency distribution. Results indicate that ignoring heterogeneity in production technologies within a multi-species fishery, as well as the complete distribution of a vessel's technical efficiency score, may yield erroneous fleet-wide production profiles and estimates of capacity.

Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 37
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea06:21276

DOI: 10.22004/ag.econ.21276

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