Lucas (1988) modelled the productivity of workers as being a function not only of their own human capital but the human capital of the people with whom they work. Using individual data, this paper investigates whether there are such human-capital externalities. In particular, we look at the...

The paper presents the first ex-post analysis of profit and productivity of individual vessels following a vessel or licence buyback in a fishery. Using individual firm-level data for the period 1997-2000, the paper analyzes a “natural experiment" of the effects of a 1997 scheme to reduce...

A new method is introduced and applied to analyse changes in productivity of firms harvesting a natural capital stock. The index-number technique decomposes the contributions of output prices, variable input prices, fixed inputs and productivity to firm profits, adjusted for changes in the...

This article examines the relationship between high-tech capital use and productivity. Using Australian data, some evidence is found of a positive relationship between high-tech capital use and productivity in the market sector, but there is much less evidence of excess returns. These results...

A justification for the use of the EKS multilateral index can be given from the economic approach to index numbers. Copyright 2003 by the International Association for Research in Income and Wealth.

We present the first ex post study that quantitatively analyses the effects of a licence buy-back and enhanced quota trading on the profitability and productivity of individual vessels in a fishery. Using firm-level data and a profit index decomposition method, we find that small and large...