Multi-output, Nonfrontier Primal Measures of Capacity and Capacity Utilization
This article implements an econometric approach for generating primal
capacity output and utilization measures for fisheries. In situations
where regulatory, environmental, and resource conditions affect catch
levels but are not independently identified in the data, frontier-based
capacity models may interpret such impacts as production inefficiency.
However, if such inefficiencies are unlikely to be eliminated, the implied
potential output increases may be unrealistic. We develop a multi-output,
multi-input stochastic transformation function framework that permits
various assumptions about how output composition may change when operating
at full capacity. We apply our model to catcher-processor vessels in the
Alaskan pollock fishery.
Source: Felthoven, R.G. and C.J. Paul. 2004. “Multi-output, nonfrontier
primal measures of capacity and capacity utilization.” American
Journal of Agricultural Economics, 86(3): 619-633.
For more information, please contact: Ron.Felthoven@noaa.gov