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Identifying Technically Efficient Fishing Vessels: A Non-Empty, Minimal Subset Approach

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Author Info
Alfonso Flores-Lagunes (University of Arizona)
William C. Horrace () (Center for Policy Research, Maxwell School, Syracuse University, Syracuse NY 13244-1020)
Kurt E. Schnier (University of Rhode Island)

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Abstract

There is a growing resource economics literature, concerning the estimation of the technical efficiency of fishing vessels utilizing the stochastic frontier model. In these models, vessel output is regressed on a linear function of vessel inputs and a random composed error. Using parametric assumptions on the regression residual, estimates of vessel technical efficiency are calculated as the mean of a truncated normal distribution and are often reported in a rank statistic as a measure of a captain's skill and used to estimate excess capacity within fisheries. We demonstrate analytically that these measures are potentially flawed, and extend the results of Horrace (2005) to estimate captain skill for thirty-nine vessels in the Northeast Atlantic herring fleet, based on homogeneous and heterogeneous production functions within the fleet. When homogeneous production is assumed, we find inferential inconsistencies between our methods and the methods of ranking the means of the technical inefficiency distributions for each vessel. When production is allowed to be heterogeneous, these inconsistencies are mitigated.

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Paper provided by Center for Policy Research, Maxwell School, Syracuse University in its series Center for Policy Research Working Papers with number 78.

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Length: 29 pages
Date of creation: Mar 2006
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Handle: RePEc:max:cprwps:78

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Find related papers by JEL classification:
C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Hypothesis Testing
C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Econometric and Statistical Methods; Specific Distributions
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity

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  1. Socio-economics of Fisheries and Aquaculture
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Kurt E. Schnier & Christopher M. Anderson & William C. Horrace, 2006. "Estimating Heterogeneous Production in Fisheries," Center for Policy Research Working Papers 80, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
  2. Carmen Fernandez & Gary Koop & Mark F.J. Steel, 2002. "Multiple-Output Production With Undesirable Outputs: An Application to Nitrogen Surplus in Agriculture," Econometrics 0201001, EconWPA, revised 06 Jan 2002. [Downloadable!]
    Other versions:
  3. William C. Horrace & Joseph T. Marchand & Timothy M. Smeeding, 2006. "Ranking Inequality: Applications of Multivariate Subset Selection," Working Papers 21, ECINEQ, Society for the Study of Economic Inequality. [Downloadable!]
    Other versions:
  4. Battese, G E & Coelli, T J, 1995. "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data," Empirical Economics, Springer, vol. 20(2), pages 325-32.
  5. William C. Horrace & Peter Schmidt, 2002. "Confidence Statements for Efficiency Estimates from Stochastic Frontier Models," Econometrics 0206006, EconWPA. [Downloadable!]
  6. Horrace, William C., 2005. "On ranking and selection from independent truncated normal distributions," Journal of Econometrics, Elsevier, vol. 126(2), pages 335-354, June. [Downloadable!] (restricted)
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  7. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-44, June. [Downloadable!] (restricted)
  8. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July. [Downloadable!] (restricted)
  9. William C. Horrace & Peter Schmidt, 2000. "Multiple comparisons with the best, with economic applications," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(1), pages 1-26. [Downloadable!]
  10. Battese, George E. & Coelli, Tim J., 1988. "Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data," Journal of Econometrics, Elsevier, vol. 38(3), pages 387-399, July. [Downloadable!] (restricted)
  11. Koop, Gary & Osiewalski, Jacek & Steel, Mark F. J., 1997. "Bayesian efficiency analysis through individual effects: Hospital cost frontiers," Journal of Econometrics, Elsevier, vol. 76(1-2), pages 77-105. [Downloadable!] (restricted)
  12. Efthymios G. Tsionas, 2002. "Stochastic frontier models with random coefficients," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 17(2), pages 127-147. [Downloadable!]
  13. Kirkley, James & Paul, Catherine J. Morrison & Squires, Dale, 2004. "Deterministic and Stochastic Capacity Estimation for Fishery Capacity Reduction," Marine Resource Economics, Marine Resources Foundation, vol. 19(3). [Downloadable!]
  14. James Kirkley & Catherine Morrison Paul & Dale Squires, 2002. "Capacity and Capacity Utilization in Common-pool Resource Industries," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 71-97, June. [Downloadable!] (restricted)
  15. Pascoe, Sean & Coglan, Louisa, 2002. " The Contribution of Unmeasurable Inputs to Fisheries Production: An Analysis of Technical Efficiency of Fishing Vessels in the English Channel," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(3), pages 585-97, August. [Downloadable!] (restricted)
  16. Guyader, Olivier & Daures, Fabienne & Fifas, Spyros & Ifremer, 2004. "A Bioeconomic Analysis Of The Impact Of Decommissioning Programs: Application To A Limited-Entry French Scallop Fishery," Marine Resource Economics, Marine Resources Foundation, vol. 19(2). [Downloadable!]
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