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Informed Control Over Inputs and Extent of Industrial Processing

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Author Info
David A. Hennessy () (Center for Agricultural and Rural Development (CARD))

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Abstract

Stylized facts regarding the industrial process include emphases on obtaining information about and control over the quality of raw materials. We provide a model that establishes conditions under which informed control involves ensuring uniformity in inputs and increased uniformity encourages more extensive processing. We show when the Boltzmann-Shannon entropy statistic is an appropriate measure of uniformity.

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File URL: http://www.card.iastate.edu/publications/DBS/PDFFiles/05wp398.pdf
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File URL: http://www.card.iastate.edu/publications/synopsis.aspx?id=764
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Publisher Info
Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 05-wp398.

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Date of creation: Jun 2005
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Handle: RePEc:ias:cpaper:05-wp398

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Web page: http://www.card.iastate.edu/
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Related research
Keywords: entropy homogeneous inputs industrialization information technologies sorting.

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Find related papers by JEL classification:
D2 - Microeconomics - - Production and Organizations
L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Martin L. Weitzman, 2000. "Economic Profitability Versus Ecological Entropy," The Quarterly Journal of Economics, MIT Press, vol. 115(1), pages 237-263, February. [Downloadable!] (restricted)
  2. Dasgupta, Partha & Sen, Amartya & Starrett, David, 1973. "Notes on the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 6(2), pages 180-187, April. [Downloadable!] (restricted)
  3. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February. [Downloadable!] (restricted)
  4. David A. Hennessy & John A. Miranowski & Bruce A. Babcock, 2004. "Genetic Information in Agricultural Productivity and Product Development," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(1), pages 73-87, 02. [Downloadable!] (restricted)
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This page was last updated on 2008-11-10.

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