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The Firm's Management in Production: Management, Firm, and Time Effects in an Indian Ocean Tuna Fishery

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  • François-Charles Wolff
  • Dale Squires
  • Patrice Guillotreau

Abstract

Exploiting variability in the managerial dimension, this paper presents firm management through firm and time effects in a production function that uses a three-way fixed effect model and a unique panel dataset that tracks multiple managers for each firm from 1980--2007. We allow for time-varying firm management through learning. The model is applied to the French purse-seine fleet harvesting tuna in the Indian Ocean. We find that skippers' learning-by-doing as measured by experience and job tenure plays no significant role, meaning that managerial ability is time-invariant. Copyright 2013, Oxford University Press.

Suggested Citation

  • François-Charles Wolff & Dale Squires & Patrice Guillotreau, 2013. "The Firm's Management in Production: Management, Firm, and Time Effects in an Indian Ocean Tuna Fishery," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(3), pages 547-567.
    • Handle: RePEc:oup:ajagec:v:95:y:2013:i:3:p:547-567
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    File URL: http://hdl.handle.net/10.1093/ajae/aas140
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    Cited by:

    1. Gabriel Natividad, 2016. "Quotas, Productivity, and Prices: The Case of Anchovy Fishing," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(1), pages 220-257, March.
    2. Gobillon, Laurent & Wolff, François-Charles, 2020. "The local effects of an innovation: Evidence from the French fish market," Ecological Economics, Elsevier, vol. 171(C).
    3. Wolff, François-Charles & Asche, Frank, 2022. "Pricing heterogeneity and transaction mode: Evidence from the French fish market," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 67-79.
    4. Alecos Papadopoulos, 2021. "Measuring the effect of management on production: a two-tier stochastic frontier approach," Empirical Economics, Springer, vol. 60(6), pages 3011-3041, June.
    5. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.

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