Characterizing Managerial Skill and Technical Efficiency in a Fishery

摘要: Researchers have long recognized that entrepreneurial or managerial skill is a major determinant of productivity reason why production among firms varies. Yet, except for few studies, differences in and output levels are usually attributed to plant configuration scale. More important, there appears been attempts relate technical efficiency skill. Utilizing stochastic frontier, we examine the relationship between characteristics such as experience education fishery. Although can not determine threshold essential education, substitution possibilities found exist years levels. Additional analysis two captains same background reveals additional need be considered examination skipper “good-captain” hypothesis.