When different technologies are present in an industry, assuming a homogeneous technologywill lead to misleading implications about technical change and inefficient policyrecommendations. In this paper a latent class modelling approach and flexible estimation ofthe production structure is used...

We provide a new approach for assessing the cost of marginal ecosystem changes and theeffectiveness of agri-environmental schemes. The approach is based on a theoretical andempirical analysis of the bio-economic production interactions between marketed outputs andnon-marketed ecosystem services...

Deterministic data envelopment analysis (DEA) and stochastic production frontier (SPF) models are alternative methods for estimating capacity in fisheries. Fishery managers should be aware of likely differences in the capacity estimates obtained from these approaches if such estimates are to be...

Fisheries throughout the world have long been subject to overfishing and excess capacity, which has generated substantial and increasing concern about biological and economic performance ramifications. These problems in part stem from substantial investment in technical improvements to boats and...

Traditional productivity measures have been much less prevalent than other measures of economic and biological performance in fisheries economics. It has been increasingly recognized, however, that mod eling and measuring fisheries’ production relationships is central to understanding and...

This research empirically investigates the well-known "poor-but-efficient" hypothesis formulated by Schultz (1964) assuming that small-scale farmers in developing countries are reasonably efficient in allocating their scarce resources by responding positively to price incentives. Deviating from...

The EU Water Framework Directive clearly integrates economics into water management and policy making, and economics is to have a decisive role in the development of the programme of measures and the new river basin management plans. This paper provides a brief overview of the contribution of...

This research contributes to the ongoing discussion on functional flexibility and theoretical consistency by comparing the empirical performance of two second order flexible functional forms - the Symmetric Generalized McFadden and the Transcendental Logarithmic. It proposes an estimation...

Der vorliegende Beitrag diskutiert die optimale Organisation der Wasserversorgung unter Berücksichtigung der grundlegenden Gutscharakteristika und der spezifischen Produktions-struktur. Nach einer formalen Beschreibung der einzelnen Produktionsstufen und der realen Organisation des...

Drawing on the Big Middle theory of retail evolution, an analysis of primary survey data on Thai shopping behavior seeks to understand the relative satisfaction of consumers with wet markets and supermarkets, identifying the factors that affect frequency of visit to, and purchase behavior...