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This article examines the Japanese market for salmon. This market is of interest, since it is the largest and most diversified salmon market in the world with wild and farmed species, from Europe and South and North America, competing in the same market. In contrast to the European Union (EU)-...
Persistent link: https://www.econbiz.de/10005684028
Technical inefficiency can be modeled as either input-oriented (IO) or output-oriented (OO). However, in the estimation of parametric stochastic production frontier models which use maximum likelihood method only the OO measure is used. In this article we consider a simple nonhomogeneous...
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