Multiproduct Production Choices And Policy Response
AbstractA restricted profit function model of California agriculture is specified and estimated subject to prior information provided by economic theory. Symmetry, homogeneity, and convexity of the profit function are maintained in the estimation. Parameter estimates and elasticities are presented for four input and 10 output equations. Tests of the hypotheses of nonjointness in inputs and Hicks-neutral technical change in variable inputs and outputs are rejected. The impacts of decoupling agricultural program payments are examined.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 16 (1991)
Issue (Month): 02 (December)
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- Perekhozhuk, Oleksandr, 2007.
"Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch
[Market structure and pricing on the Ukrainian market for raw milk]," MPRA Paper 21958, University Library of Munich, Germany.
- Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Central and Eastern Europe, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO), volume 41, number 92322.
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