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...

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...

The Global Forest Products Model (GFPM) was developed to upgrade the FAO methodology for forest products outlook projections. Its purpose is to analyze and project the consumption, production, trade, and prices of forest products. The system deals with 180 individual countries, three classes of...

Most of the discussion of regional income convergence in recent decades has operated under the assumption, either explicit or implicit, that spatial and temporal differences in regional prices (i.e., cost of living and inflation) are negligible. Using five different measures of interstate and...

An integrated bioeconomic model is built based on an individual-based simulation model and a stock assessment model for the Chesapeake Bay blue crab fishery. The resulting model is able to not only compare alternative management scenarios being considered by policy makers in terms of both...