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This article presents a Bayesian hierarchical approach to estimating stochastic production frontiers in fisheries. Based on our application of this approach to the US West Coast hake fishery, we conclude that (1) panel models with hierarchical structure to allow for boat- and year-specific...
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Productivity growth is conventionally measured by indices representing discreet approximations of the Divisia TEP index under the assumption that technological change is Hicks-neutral. When this assumption is violated, these indices are no longer meaningful because they conflate the effects of...
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