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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.

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  • 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. Laurent Gobillon & Wolff Francois Charles, 2017. "The local effects of an innovation: Evidence from the French fish market," PSE Working Papers halshs-01431160, HAL.

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