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Article
Estimation of Multi-Output Production Functions in Commercial Fisheries
Omega
  • Trevor Collier, University of Dayton
  • Andrew Mamula, NOAA Fisheries
  • John Ruggiero, University of Dayton
Document Type
Article
Publication Date
1-1-2014
Abstract

Measuring the productivity of vessels in a multi-species fishery can be problematic. Typical regression techniques are not capable of handling multiple outputs while Data Envelopment Analysis (DEA) tends to ignore the stochastic nature of production. Applied economists have devoted considerable time to this problem and have developed several methods of dealing with the issue of multiple output technologies in commercial fisheries. Our paper contributes to this literature by providing another method for estimating production functions of vessels operating in multi-species fisheries. We utilize a two-stage model – with data from the West Coast Limited Entry Groundfish Trawl Fishery – using DEA to aggregate output in the first stage. This aggregate index is then used as the dependent variable in a regression framework, allowing for the estimation of the return to different inputs in fisheries production. This provides information that may be particularly important for fisheries managers.

Inclusive pages
157-165
ISBN/ISSN
0305-0483
Publisher
Elsevier
Peer Reviewed
Yes
Citation Information
Trevor Collier, Andrew Mamula and John Ruggiero. "Estimation of Multi-Output Production Functions in Commercial Fisheries" Omega Vol. 42 Iss. 1 (2014)
Available at: http://works.bepress.com/trevor_collier/6/