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Flexibility In Agriculture

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  • Weiss, Christoph R.
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    Abstract

    This paper considers the determinants of two dimensions of flexibility, the flexibility in adjusting aggregate output over time ("tactical flexibility") as well as the ability to switch quickly between products ("operational flexibility"). Econometric analysis of a sample of 40,000 farms in Upper-Austria for the period 1980 to 1990 suggests that larger full-time farms operated by younger, better educated farm operators are more flexible, ceteris paribus. The results further indicate a significant and negative interrelationship between tactical and operational flexibility.

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    File URL: http://purl.umn.edu/21502
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21502.

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    Date of creation: 1999
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    Handle: RePEc:ags:aaea99:21502

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    Keywords: Farm Management; Industrial Organization;

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    1. Das, Bhaskar J & Chappell, William F & Shughart, William F, II, 1993. "Demand Fluctuations and Firm Heterogeneity," Journal of Industrial Economics, Wiley Blackwell, vol. 41(1), pages 51-60, March.
    2. von Ungern-Sternberg, Thomas, 1990. "The Flexibility to Switch between Different Products," Economica, London School of Economics and Political Science, vol. 57(227), pages 355-69, August.
    3. Christoph R. Weiss, 1999. "Farm Growth and Survival: Econometric Evidence for Individual Farms in Upper Austria," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 103-116.
    4. Huffman, Wallace, 1980. "Farm and Off-Farm Work Decisions: The Role of Human Capital," Staff General Research Papers 10973, Iowa State University, Department of Economics.
    5. Carlsson, Bo, 1989. "Flexibility and the theory of the firm," International Journal of Industrial Organization, Elsevier, vol. 7(2), pages 179-203, June.
    6. Elhorst, J Paul, 1993. "The Estimation of Investment Equations at the Farm Level," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 20(2), pages 167-82.
    7. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-70, May.
    8. Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-93, August.
    9. Ciaran Driver & Chit-Wei Saw, 1996. "Performance of structural change indices: analysis using real and simulated data," Applied Economics Letters, Taylor & Francis Journals, vol. 3(3), pages 187-188.
    10. Levy, David T. & Haber, Lawrence J., 1986. "An advantage of the multiproduct firm : The transferability of firm-specific capital," Journal of Economic Behavior & Organization, Elsevier, vol. 7(3), pages 291-302, September.
    11. Mills, David E & Schumann, Laurence, 1985. "Industry Structure with Fluctuating Demand," American Economic Review, American Economic Association, vol. 75(4), pages 758-67, September.
    12. Mills, David E. & Smith, William, 1996. "It pays to be different: Endogenous heterogeneity of firms in an oligopoly," International Journal of Industrial Organization, Elsevier, vol. 14(3), pages 317-329, May.
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