This study develops an improved method for understanding
economic production relationships in small scale
fisheries. This method postulates that gross revenue is a
function of physical input quantities, and is based upon
the transcendental logarithmic function to derive factor
share equations for each of the five inputs in the model....
Fishing firms in Oregon operate in a complex and dynamic physical, biological and institutional environment. Within this environment, managers of these firms will attempt to maximize some objective function which may include profit. This maximization is dependent upon the level of output, or the levels of inputs. Given a relationship...
An econometric model of the canned tuna market is used to evaluate biased and unbiased estimators. Four methods for improving mean square error when multicollinearity is present in a regression equation are examined and compared with the results of ordinary least squares (OLS). Exact and inexact prior information methods are...
Linear programming is now widely accepted and used by researchers and industrial management people, but its adoption by farm managers has been slow. This study concentrates on the development of improved data transmittal techniques for farm organization linear programming. The program model is designed to analyze crop production alternatives. Models...