Description/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. Furthermore, our new estimate of capacity enables out-of-sample production predictions predicated on either homogeneity or heterogeneity modeling which may be utilized to facilitate policy.
Document Type
Working Paper
Date
2006
Keywords
fishery capacity, heterogeneous production, latent class modeling
Language
English
Series
Working Papers Series
Disciplines
Mathematics
Recommended Citation
Felthoven, Ronald G.; Horrace, William C.; and Schnier, Kurt E., "Estimating Heterogeneous Capacity and Capacity Utilization in a Multi-Species Fishery" (2006). Center for Policy Research. 79.
https://surface.syr.edu/cpr/79
Source
Metadata from RePEc
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
Additional Information
Harvest from RePEc at http://repec.org