On Estimating Allocative Efficiency In Cross-Sectional Analysis Of Production
AbstractIn a recent reappraisal of evidence adduced for allocative efficiency in traditional agriculture, Dillon and Anderson employed a method based on a combination of traditional economic aspects and statistical aspects of estimated production functions. However, their reappraisal involved using marginal rather than the (appropriate) joint distributions of the regression coefficients. This paper investigates the error associated with using the inappropriate marginal distribution in a reassessment of allocative efficiency in wool growing in the Australian pastoral zone.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.
Volume (Year): 15 (1971)
Issue (Month): 03 (December)
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- Jock R. Anderson & John L. Dillon, 1971. "On Estimating Allocative Efficiency In Cross‐Sectional Analysis Of Production," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(3), pages 146-150, December.
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- Ryan, James G., 1973. "Some Implications of Rice Price and Policy Changes for Irrigated Farms," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41, September.
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