Document Type
Working Paper
Date
2006
Keywords
fishery capacity, heterogeneous production, latent class modeling
Language
English
Disciplines
Mathematics
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.
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