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Discovering Production and Supply Relationships: Present Status and Future Opportunities

  • Just, Richard E.

In this paper the current state of supply modelling in agriculture is reviewed. It is argued that (I) the stock of knowledge of elasticities is depreciating, (2) historical estimates are misleading because many phenomena are confounded in few parameters, (3) available data are not being efficiently exploited, and (4) a proliferation of hypotheses is leading to an inability to discriminate in an appropriately comprehensive context. The latter problem is leading to an inability to do forward-looking analyses. Several suggestions are made for dealing with these problems that involve some relaxation of the standard of objectivity which in reality is unattainable in many kinds of practical applied work.

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File URL: http://purl.umn.edu/10322
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Article provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.

Volume (Year): 61 (1993)
Issue (Month): 01 (April)
Pages:

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Handle: RePEc:ags:remaae:10322
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  1. repec:cdl:agrebk:1127542 is not listed on IDEAS
  2. Rausser, Gordon C., 1985. "Macroeconomics and U.S. agricultural policy," CUDARE Working Paper Series 385, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
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  4. Binswanger, Hans P., 1973. "The Measurement Of Technical Change Biases With Many Factors Of Production," Staff Papers 14205, University of Minnesota, Department of Applied Economics.
  5. McElroy, Marjorie B, 1987. "Additive General Error Models for Production, Cost, and Derived Demand or Share Systems," Journal of Political Economy, University of Chicago Press, vol. 95(4), pages 737-57, August.
  6. 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.
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  9. Askari, Hossein & Cummings, John Thomas, 1977. "Estimating Agricultural Supply Response with the Nerlove Model: A Survey," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 257-92, June.
  10. Mark J Machina, 1982. ""Expected Utility" Analysis without the Independence Axiom," Levine's Working Paper Archive 7650, David K. Levine.
  11. Feder, Gershon & O'Mara, Gerald T, 1981. "Farm Size and the Diffusion of Green Revolution Technology," Economic Development and Cultural Change, University of Chicago Press, vol. 30(1), pages 59-76, October.
  12. Lindner, R. & Fischer, A. & Pardey, P., 1979. "The time to adoption," Economics Letters, Elsevier, vol. 2(2), pages 187-190.
  13. Huang, Kuo S., 1985. "U.S. Demand for Food: A Complete System of Price and Income Effects," Technical Bulletins 157014, United States Department of Agriculture, Economic Research Service.
  14. Feder, Gershon & Just, Richard E & Schmitz, Andrew, 1980. "Futures Markets and the Theory of the Firm under Price Uncertainty," The Quarterly Journal of Economics, MIT Press, vol. 94(2), pages 317-28, March.
  15. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
  16. Pope, Rulon D., 1982. "To Dual Or Not To Dual?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(02), December.
  17. Silberberg, Eugene, 1972. "Duality and the Many Consumer's Surpluses," American Economic Review, American Economic Association, vol. 62(5), pages 942-52, December.
  18. Chalfant, James A & Alston, Julian M, 1988. "Accounting for Changes in Tastes," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 391-410, April.
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