Open AccessMODELING AND MEASURING PRODUCTION PROCESSES FOR A MULTI‐SPECIES FISHERY: ALTERNATIVE TECHNICAL EFFICIENCY ESTIMATES FOR THE NORTHERN SPAIN HAKE FISHERY
Author(s) -
OREA LUIS,
ALVAREZ ANTONIO,
PAUL CATHERINE J. MORRISON
Publication year - 2005
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.2005.tb00154.x
Subject(s) - production (economics) , fishery , hake , production model , production function , economics , econometrics , fish <actinopterygii> , microeconomics , biology
. The economic performance of fisheries is difficult to measure, due to the importance of (multi‐species) biological dynamics, property rights and regulatory issues affecting fishermen's behavior and efficiency. However, an understanding of performance patterns is essential for enhancing the economic and biological viability of fisheries. In this paper we estimate and evaluate alternative primal stochastic approaches to modeling and measuring technical efficiency for the Northern Spain hake fishery. We then compare the resulting efficiency measures to identify variations in their potential interpretation, and application to policy guidance. We find that multi‐output models are more theoretically and empirically justifiable than aggregate output production function models, and provide additional policy‐relevant insights, but that relative production and efficiency estimates are not sub‐stantively affected by model specification.