A Review of the Arts of Supply Response Analysis
AbstractThis paper classifies methods for estimating agricultural output supply responses to price into two broad categories (1) programming and (2) econometric. The latter category is further subdivided into two-stage procedures, directly estimated supply systems and directly estimated single commodity models. In Part 1 the theoretical basis of these methods is considered, while Part 2 explores their strengths, weaknesses and potentials from an empirical standpoint.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 51 (1983)
Issue (Month): 03 (December)
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Demand and Price Analysis;
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