A Review of the Arts of Supply Response Analysis
This paper classifies methods for estimating agricultural output supply responses to price into two broad categories (1) programming and (2) econometric. The latter category is further subdivided into two-stage procedures, directly estimated supply systems and directly estimated single commodity models. In Part 1 the theoretical basis of these methods is considered, while Part 2 explores their strengths, weaknesses and potentials from an empirical standpoint.
Volume (Year): 51 (1983)
Issue (Month): 03 (December)
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- Peter B. Dixon & David P. Vincent & Alan A. Powell, 1976. "Factor Demand and Product Supply Relations in Australian Agriculture : The CRESH/CRETH Production System," Centre of Policy Studies/IMPACT Centre Working Papers op-08, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Peck, Anne E, 1976. "Futures Markets, Supply Response, and Price Stability," The Quarterly Journal of Economics, MIT Press, vol. 90(3), pages 407-23, August.
- Cowling, Keith G. & Baker, Chester B., 1963. "A Polyperiod Model for Estimating the Supply of Milk," Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 1.
- Burgess, David F., 1975. "Duality theory and pitfalls in the specification of technologies," Journal of Econometrics, Elsevier, vol. 3(2), pages 105-121, May.
- Wickens, M R & Greenfield, J N, 1973. "The Econometrics of Agricultural Supply: An Application to the World Coffee Market," The Review of Economics and Statistics, MIT Press, vol. 55(4), pages 433-40, November.
- Cooley, Thomas F & DeCanio, Stephen J, 1977. "Rational Expectations in American Agriculture, 1867-1914," The Review of Economics and Statistics, MIT Press, vol. 59(1), pages 9-17, February.
- Tweeten, Luther G. & Strickland, P. Leo & Plaxico, James S., 1968. "Interregional Competition in Cotton Production," Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
- Sharples, Jerry A, 1969. "The Representative Farm Approach to Estimation of Supply Response," American Economic Review, American Economic Association, vol. 59(2), pages 168-74, May.
- Tweeten, Luther G & Quance, C Leroy, 1969. "Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches," American Economic Review, American Economic Association, vol. 59(2), pages 175-83, May.
- Berndt, Ernst R & Wood, David O, 1975. "Technology, Prices, and the Derived Demand for Energy," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 259-68, August.
- Vincent, David P & Dixon, Peter B & Powell, Alan A, 1980. "The Estimation of Supply Response in Australian Agrucilture: The CRESH/CRETH Production System," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 221-42, February.
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