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A Fully Calibrated Generalized Constant-Elasticity-of-Substitution Programming Model of Agricultural Supply

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  • Pierre Mérel
  • Leo K. Simon
  • Fujin Yi

Abstract

This article provides a methodology to exactly calibrate land-constrained programming models of agricultural supply against supply elasticities using generalized constant-elasticity-of-substitution, crop-specific production functions. We formally derive the necessary and sufficient conditions under which the model can replicate a reference allocation while displaying crop supply responses consistent with exogenous information on supply elasticities. When it exists, the solution to the exact calibration problem is unique. Subject to a caveat, the proposed specification is shown to be more flexible with respect to calibration than the quadratic specification that has been used extensively in policy models based on positive mathematical programming. Copyright 2011, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ajae/aar029
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Bibliographic Info

Article provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.

Volume (Year): 93 (2011)
Issue (Month): 4 ()
Pages: 936-948

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Handle: RePEc:oup:ajagec:v:93:y:2011:i:4:p:936-948

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Cited by:
  1. Heckelei, Thomas & Britz, Wolfgang & Zhang, Yinan, 2012. "Positive Mathematical Programming Approaches – Recent Developments in Literature and Applied Modelling," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), issue 1, April.
  2. Garnache, Cloe & Merel, Pierre R., 2012. "Carbon market policy design: Investigating the role of payments aggregation," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124960, Agricultural and Applied Economics Association.
  3. Garnache, Cloe & Howitt, Richard E., 2011. "Species Conservation on a Working Landscape: The Joint Production of Wildlife and Crops in the Yolo Bypass Floodplain," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103973, Agricultural and Applied Economics Association.

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