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that incorporates complete information on the stochastic differences between each vessel-specific technical efficiency … the complete distribution of a vessel’s technical efficiency score, may yield erroneous fleet-wide production profiles and …
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Variations in the efficiency of demersal trawlers operating in the English Channel were examined through the estimation … of a stochastic frontier production function. The most important measurable factor affecting efficiency was the age of … the vessel. However, unmeasurable factors accounted for about 65% of the variation in efficiency, and as much as 9% of the …
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