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In 2003, an industry-financed, government-administered buyback of trawl fishing permits and vessels took place on the US West Coast, resulting in the retirement of about one-third of the limited-entry trawl fleet. The lack of cost data in this fishery precludes an analysis of how the buyback has...
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We present a model of market participation in which the presence of nonnegligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression. Fixed costs arise when household resources must be devoted a priori to the decision to participate in the market. These costs -...
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This paper introduces a multivariate generalization of the Poisson regression model in which adoption of crossbred dairy cows, milk production, and milk sales are simultaneously estimated by application of Gibbs sampling and data augmentation techniques. We model the count data from two sites in...
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