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Agricultural Output Supply And Input Demand Relationships With Endogenous Land Rents

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  • Maligaya, Arlyn R.
  • White, Fred C.
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    Abstract

    This study analyzed supply functions for agricultural output and demand functions for factors of production for Georgia. These relationships were derived with duality theory from a normalized quadratic profit function. Land has been included in other duality studies as a fixed factor as opposed to an endogenous factor. In this study, the system of supply and demand equations was augmented with a supply equation for land, which allowed land rents to be an endogenous factor. Consequently it was possible to measure the impact of output and input prices on land rents.

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    File URL: http://purl.umn.edu/30113
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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

    Volume (Year): 21 (1989)
    Issue (Month): 02 (December)
    Pages:

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    Handle: RePEc:ags:sojoae:30113

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    Web page: http://www.saea.org/jaae/jaae.htm
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    Keywords: Demand and Price Analysis;

    References

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    1. Evenson, Robert E. & Landau, Daniel & Ballou, Dale, 1987. "Agricultural Productivity Measures for U.S. States 1950-82," Evaluating Agricultural Research and Productivity, Proceedings of a Workshop, Atlanta, Georgia, January 29-30, 1987, Miscellaneous Publication 52 50019, University of Minnesota, Agricultural Experiment Station.
    2. Appelbaum, Elie, 1979. "Testing price taking behavior," Journal of Econometrics, Elsevier, vol. 9(3), pages 283-294, February.
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    Cited by:
    1. Dupraz, Pierre & Temesgen, Chalachew, 2012. "Farmland Rental Rate and Marginal Return to Land: A French FADN Perspective," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134954, Agricultural Economics Society.

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