Milkfish has been farmed in Taiwan for over 300 years. Faced with a limited land resource, the industry is looking at the problem of how to maintain a sustainable and efficient production. This study specified a stochastic production frontier function to estimate potential milkfish farm output and efficiency by using...
This paper discusses the connection between the concepts of fishing effort and separability of the
variables in a general fisheries production function of the Translog form. It compares the results
of the discussion with the Cobb-Douglas and Constant Elasticity of Substitution forms. It
concludes that to assume unconditionally that some...
In industries that are characterized by frequent innovations and high productivity growth, substantial variation in both produced quantity and input use may occur and lead to increased cost. As both excessive input use and misallocation of inputs are costly for the producer, firm-specific measures of both technical and allocative inefficiency...