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

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

No 86, Center for Policy Research Working Papers from Center for Policy Research, Maxwell School, Syracuse University

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 socre, 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 utuilized to facilitate policy.

Keywords: fishery capacity; heterogeneous production; latent class modeling (search for similar items in EconPapers)
JEL-codes: C23 D24 N50 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2006-11
New Economics Papers: this item is included in nep-agr, nep-eff and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://surface.syr.edu/cpr/79/ (application/pdf)

Related works:
Journal Article: Estimating heterogeneous capacity and capacity utilization in a multi-species fishery (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:max:cprwps:86

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