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Recent Duality Contributions In Production Economics

  • Shumway, C. Richard

This article is a limited assessment of the agricultural production economics literature since 1982 that resulted from dual modeling approaches. Contributions have removed several perceived obstacles to dual modeling, such as testing curvature, identifying the technology when prices are collinear, and examining dynamics of production. Some contributions have also removed obstacles to primal modeling. Dual methods have been used in risk applications only recently and still appear less convenient than primal methods. Convenience may become the primary criterion for selecting primal or dual methods.

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File URL: http://purl.umn.edu/30931
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Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

Volume (Year): 20 (1995)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:jlaare:30931
Contact details of provider: Web page: http://waeaonline.org/

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  1. Shumway, C. Richard & Lim, Hongil, 1993. "Functional Form And U.S. Agricultural Production Elasticities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(02), December.
  2. repec:ubc:bricol:92-13 is not listed on IDEAS
  3. K. Jegasothy & C. R. Shumway & H. Lim, 1990. "Production Technology And Input Allocations In Sri Lankan Multicrop Farming," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(1), pages 33-46.
  4. Vasavada, Utpal & Ball, V. Eldon, 1988. "A dynamic adjustment model for U.S. agriculture: 1948-79," Agricultural Economics, Blackwell, vol. 2(2), pages 123-137, October.
  5. McIntosh, Christopher S. & Williams, Albert A., 1992. "Multiproduct Production Choices And Pesticide Regulation In Georgia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(01), July.
  6. McLaren, Keith R & Cooper, Russel J, 1980. "Intertemporal Duality: Application to the Theory of the Firm," Econometrica, Econometric Society, vol. 48(7), pages 1755-62, November.
  7. Moore, Michael R. & Negri, Donald H., 1992. "A Multicrop Production Model Of Irrigated Agriculture, Applied To Water Allocation Policy Of The Bureau Of Reclamation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), July.
  8. Taylor, Timothy G. & Monson, Michael J., 1985. "Dynamic Factor Demands for Aggregate Southeastern United States Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(02), December.
  9. Coyle, Barry T., 1993. "On Modeling Systems Of Crop Acreage Demands," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(01), July.
  10. Asunka, Samuel & Shumway, C. Richard, 1996. "Allocatable Fixed Inputs And Jointness In Agricultural Production: More Implications," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 25(2), October.
  11. Andreas A. Andrikopoulos & James A. Brox, 1992. "Cost Structure, Interfactor Substitution and Complementarity, and Efficiency in the Canadian Agricultural Sector," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 40(2), pages 253-269, 07.
  12. LaFrance, Jeffrey T. & Barney, L. Dwayne, 1991. "The envelope theorem in dynamic optimization," Journal of Economic Dynamics and Control, Elsevier, vol. 15(2), pages 355-385, April.
  13. Lim, Hongil & Shumway, C Richard, 1992. "Profit Maximization, Returns to Scale, and Measurement Error," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 430-38, August.
  14. Chambers, Robert G, 1989. "Recent Developments in Production Economics," The Economic Record, The Economic Society of Australia, vol. 65(190), pages 243-64, September.
  15. Utpal Vasavada & Geert Thijssen, 1994. "Testing for Dynamic Misspecification of Input Demand Functions: An Application to Canadian Agriculture," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 42(3), pages 291-299, November.
  16. Shumway, C. Richard, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, Blackwell, vol. 9(2), pages 89-108, August.
  17. Shon P. Williams & C. Richard Shumway, 1998. "Testing for Behavioral Objective and Aggregation Opportunities in U.S. Agricultural Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 195-207.
  18. Ornelas, Fermin S. & Shumway, C. Richard, 1993. "Multidimensional Evaluation Of Flexible Functional Forms For Production Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(02), December.
  19. Villezca-Becerra, Pedro A. & Shumway, C. Richard, 1992. "Multiple-Output Production Modeled With Three Functional Forms," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), July.
  20. Fulginiti, Lilyan E. & Perrin, Richard, 1990. "Argentine Agricultural Policy in a Multiple-Input, Multiple-Output Framework," Staff General Research Papers 277, Iowa State University, Department of Economics.
  21. Shumway, C. Richard & Chesser, Rayanne R., 1994. "Pesticide Tax, Cropping Patterns, And Water Quality In South Central Texas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(01), July.
  22. Y. Surry, 1993. "The Constant Difference Of Elasticities Function With Applications To The Ec Animal Feed Sector," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(1), pages 110-125.
  23. Michael R. Moore & Ariel Dinar, 1995. "Water and Land as Quantity-Rationed Inputs in California Agriculture: Empirical Tests and Water Policy Implications," Land Economics, University of Wisconsin Press, vol. 71(4), pages 445-461.
  24. Mundlak, Yair, 1993. "On the Empirical Aspects of Economic Growth Theory," American Economic Review, American Economic Association, vol. 83(2), pages 415-20, May.
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