Tomberlin, David; Holloway, Garth - In: Applied Economics Letters 17 (2010) 2, pp. 201-204
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...